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On January 1 , 2 0 1 6 , AMMRC purchased 1 0 0 % of TL Corporation and recorded $ 1 , 3 0

On January 1,2016, AMMRC purchased 100% of TL Corporation and recorded $1,300,00 in goodwill on it's consolidated balance sheet. On December 31,2021, TL Corporation had an inventory impairment of $500,000 and asset impairment of $450,000. Total Assets on the balance sheet are $20,000,000 and liabilities are $8,000,000. Fair value of TL Corporation is $11,000,000. How do I calculate the goodwill impairment loss?

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