Intangible Assets and Goodwill: Amortization and Impairment In early 2021, Bowen Company acquired a new business unit in a merger. Allocation of the acquisition cost resulted in fair values assigned as follows: * The goodwill is assigned entirely to the acquired reporting unit. Impairment reviews at the end of 2021 and 2022 did not identify any impairment losses. After the business suffered a downturn during 2023 , the year-end impairment review yielded the following information: 1. Customer lists are estimated to have undiscounted future cash flows of $250,000 and discounted future cash flows of $180,000. 2. Developed technology is estimated to have undiscounted future cash flows of $500,000 and discounted future cash flows of $420,000. 3. The internet domain name is estimated to have undiscounted future cash flows of $1,000,000 and discounted future cash flows of $750,000. Qualitative assessment indicates that it is more likely than not that the internet domain name is impaired 4. Because of the economic downturn, Bowen bypassed qualitative assessment of the business unit. The acquired business unit has a fair value of $17,000,000, and a carrying amount of $19,000,000, after amortization but before possible impairment of identifiable intangibles. Required Determine Bowen's amortization expense and impairment write-offs for 2023 , following U.S. GAAP