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Goodwill was assigned to the following reporting units: It is now December 31, 2014, the end of International Foods' accounting year. No impairment losses were
Goodwill was assigned to the following reporting units: It is now December 31, 2014, the end of International Foods' accounting year. No impairment losses were reported on any intangibles in 2013. Assume that International Fooc bypasses step 0 of the goodwill impairment test. The following information is available on December 31, 2014: Unit book values are already adjusted for appropriate 2014 amortization and impairment of identifiable intangibles. Compute 2014 amortization expense and impairment losses on the above intangibles, following U.S. GAAP. Enter answers in millions, using decimal places when applicable
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