E 1-18 Goodwill Measurement Washer Company has a reporting unit resulting from an earlier business combination. The reporting unit's current assets and liabilities are: Carrying Amount Fair Value Cash $30,000 $30,000 Inventory 70,000 100,000 Land 30,000 60,000 Buildings 210,000 230,000 Equipment 160,000 170,000 Goodwill 150,000 Notes Payable 100,000 100,000 550,000 CV Required: Determine the amount of goodwill to be reported and the amount of goodwill impairment, if any, if the fair value of the reporting unit is determined to be: a. $580,000 b. $540,000 c. $500,000 d. $460,000 E1-18 Goodwill Measurement a. Compare FV of RU to CV of RU: $580,000 > $550,000 PV CV Value of Goodwill: $150.000 _Goodwill Impairment Loss: NIA b. Compare FV of RU to CV of RU: $150,000 GW ($10,000) $140,000 $540,000