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It is now December 31 , 2017, the end of International Foods' accounting year. No impairment losses were reported on any intangibles in 2016. Assume that International Foods bypasses the qualitative option for impairment testing of goodwill and indefiite life intangibles. Intangible Asset Sum of Future Expected Undiscounted Cash Flows Sum of Future Expected Discounted Cash Flows Customer relationships Favorable leaseholds Brand names Reporting Unit Unit Carrying Value Asia South America Europe Required $900,000 Unit Fair Value Fair Value of Identifiable Net Assets Compute 2017 amortization expense and impairment losses on the above intangibles, following U.S. GAAP.