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Lue Corp. has the following intangible assets at December 31, 2023 prior to impairment testing: Book value Estimated future cash flows Fair value Limited life
Lue Corp. has the following intangible assets at December 31, 2023 prior to impairment testing:
Book value | Estimated future cash flows | Fair value | |
Limited life assets | |||
Patent | $606,000 | $802,400 | $570,500 |
Copyright | $254,000 | $308,900 | $179,500 |
Indefinite life assets | |||
Franchise | $589,000 | $635,100 | $566,500 |
Broadcast license | $47,000 | $55,200 | $50,600 |
Goodwill | $533,000 | See below | See below |
The goodwill belongs to a reporting unit whose net assets (excluding goodwill) have a book value of $802,000. The estimated fair value of that reporting unit is $1,282,600
How many (0-5) of these intangible assets are impaired?
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