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Ivanhoes Company bought Special Products Division in 2020 and appropriately recorded $752000 of goodwill related to the purchase. On December 31, 2021, the fair value
Ivanhoes Company bought Special Products Division in 2020 and appropriately recorded $752000 of goodwill related to the purchase. On December 31, 2021, the fair value of Special Products Division is $6150000 and it is carried on Ivanhoe's books for a total of $5250000, including the goodwill. An analysis of Special Products Division's assets indicates that goodwill of $615000 exists on December 31, 2021. What goodwill impairment should be recognized by Ivanhoes in 2021? $148000. $0. $752000. $900000
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