of acquisition cost over book value was allocated as follows: Excess of Fair Value over Book Value Subsequent reporting Plant assets ................. Identifiable intangible assets ......... Goodwill ............................. $ (5,000,000) 2,000,000 37,000,000 10year life, straightline 5year life, straightline Impairment loss 2019, $1,000,000; 2020, $1,500,000 $34,000,000 Both companies have December 31 yearends. Trial balances of Pacnet and SecureWorks at December 31, 2019 and 2020 appear below. Pacnet uses the complete equity method to report its investment in Secure Works on its own books