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help please On Jan 1, 2011, m a bookstore company, purchased a customers list from Carrefour company for $100,000. The list contained names, addresses and

help please

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On Jan 1, 2011, m a bookstore company, purchased a customers list from Carrefour company for $100,000. The list contained names, addresses and phone numbers and items purchased of all Carrefour customers in Yanbu city where Lari; is planning to open a new breach. The usefulness of the list is expected last for 10 years. The following information is taken from Jarir company on Dec 31, 2016: Historical acquisition cost of the customers list $100,000 Accumulated amortization $60,000 The value in use (PV of net future cash flows) $36,000 The market value less the cost to sell is unknown on Dec 31, 2016 N/A Requirements: 1. Was the customers list impaired on Dec 31, 2016? If so, what was the impairment loss and how to record it the Jarir books? 2. What was the amortization expense for the customers list that J rir should recognize on Dec 31, 2017? 3. |fon Dec 31, 2016 the value in use for the customers list was 46,000, what Jarir should have done

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