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In 2020, Antle Inc. had acquired Demski Co. and recorded goodwill of $295 million as a result. The net assets (including goodwill) from Antle's acquisition
In 2020, Antle Inc. had acquired Demski Co. and recorded goodwill of $295 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2021 year-end book value of $630 million. Antle assessed the fair value of the Demski reporting unit at this date to be $750 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $663 million. The amount of the impairment loss that Antle would record for goodwill at the end of 2021 is: Multiple Choice $87 million. $208 million. $0. $120 million
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