Double Corporation acquired all of the common stock of Simple Company for $454,000 on January 1, 20X4. On that date, Simple's identifiable net assets had a fair value of $394,000. The assets acquired in the purchase of Simple are considered to be a separate reporting unit of Double. The carrying value of Doubles investment at December 31, 20X4, is $504,000.

Required:

Determine the amount of goodwill impairment, if any, that should be recognized at December 31, 20X4, if the fair value of the net assets (excluding goodwill) at that date is $444,000 and the fair value of the reporting unit is determined to be a. $526,000, b. $493,000 and c. $455,000.