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 Customer relationships Favorable leaseholds Brand names Goodwill Date of Acquisition Fair Value at Date of Acquisition Useful Life January 1, 2013 $2,400,000 5 5 years June 30, 2013 4.800,000 6 years June 30, 2013 10,800,000 Indefinite January 1, 2013 300,000,000 Indefinite Goodwill was assigned to the following reporting units: Asia $60,000,000 South America 90,000,000 Europe 150,000,000 Total $300,000,000 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 o of the goodwill impairment test. The following information is available on December 31,2014: Intangible Asset Customer relationships Favorable leaseholds Brand names Sum of Future Expected Undiscounted Cash Flows Sum of Future Expected Discounted Cash Flows $720,000 $540,000 3,600,000 2,640.000 8,400,000 4,200,000 Reporting Unit Unit Carrying Value Unit Fair Value Asia $180,000,000 $240,000,000 South America 120,000,000 210.000.000 Europe 360,000,000 300,000,000 Compute 2014 amortization expense and impairment losses on the above intangibles, following U.S. GAAP. Enter answers in millions, using decimal places when applicable. , (in millions) Amortization expense - identifiable intangibles $ 0 Impairment losses - identifiable intangibles 0 Goodwill impairment loss Total $ 0 O