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Nicolas, Inc. owns 100% of The triple Green Co.. The book value of the Goodwill is $600,000. When Nicolas, Inc. made its investment, The triple
Nicolas, Inc. owns 100% of The triple Green Co.. The book value of the Goodwill is $600,000. When Nicolas, Inc. made its investment, The triple Green had a fair value of $5,600,000. Today, the value of The triple Green has fallen to $4,500,000. An appraisal of The triple Greens net assets reveals a fair value of $4,150,000. How much "impairment" should Nicolas record related to its investment in The triple Green?
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GLP Quality Audit Manual
Authors: Milton A. Anderson
3rd Edition
0367398435, 978-0367398439
