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Identifiable Intangibles and Goodwill, U.S. GAAP International Foods, a U.S. company, acquired two companies in 2013. As a result, its consolidated financial statements include the

Identifiable Intangibles and Goodwill, U.S. GAAP

International Foods, a U.S. company, acquired two companies in 2013. As a result, its consolidated financial statements include the following acquired intangibles:

Intangible Asset Date of Acquisition Fair Value at Date of Acquisition Useful Life
Customer relationships January 1, 2013 $6,400,000 8 years
Favorable leaseholds June 30, 2013 9,600,000 16 years
Brand names June 30, 2013 28,800,000 Indefinite
Goodwill January 1, 2013 800,000,000 Indefinite

Goodwill was assigned to the following reporting units:

Asia $160,000,000
South America 240,000,000
Europe 400,000,000
Total $800,000,000

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 Foods bypasses step 0 of the goodwill impairment test. The following information is available on December 31, 2014:

Intangible Asset Sum of Future Expected Undiscounted Cash Flows Sum of Future Expected Discounted Cash Flows
Customer relationships $1,920,000 $1,440,000
Favorable leaseholds 9,600,000 7,040,000
Brand names 22,400,000 11,200,000

Reporting Unit Unit Book Value Unit Fair Value
Asia $480,000,000 $640,000,000
South America 320,000,000 560,000,000
Europe 960,000,000 800,000,000

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. Please help me with the below

(in millions)
Amortization expense - identifiable intangibles x
Impairment losses - identifiable intangibles x
Goodwill impairment loss x
Total x

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