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I need help with my accounting homework Problem 3-18 (Algo) (LO 3-6) Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase

I need help with my accounting homework

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Problem 3-18 (Algo) (LO 3-6) Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated the resulting goodwill to its three reporting units: RU-1, RU-2, and RU-3. Purchase opts to skip the qualitative assessment and therefore performs a quantitative goodwill impairment review annually. In its current-year assessment of goodwill, Purchase provides the following individual asset and liability carrying amounts for each of its reporting units: Carrying Amounts RU-1 RU- 2 RU-3 Tangible assets $197, 080 $216,090 $193,500 Trademark 244, 090 Customer list 800'8ZT Unpatented technology 177, 800 Licenses 108, 500 Copyrights 66, 090 Goodwill 186 ,500 204 , 156 126,500 Liabilities (41, 900) The total fair values for each reporting unit (including goodwill) are $691,100 for RU-1, $673,050 for RU-2, and $692,550 for RU-3. To date, Purchase has reported no goodwill impairments. How much goodwill impairment should Purchase report this year for each of its reporting units? RU-1 RU-2 RU-3 Goodwill impairment loss

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