Problem 11

I just need to see if I did this correctly. If my answers are WRONG, can you please help me....

Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers has recognized net assets of $1,429, including goodwill of $930. Seller's fair value is assessed at $1,149 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $229 and $119, respectively). The following table summarizes current financial information for the Sellers reporting unit Carrying Fain Tangible assets, net Recognized intangible assets, net Goodwill Unrecognized intangible assets Amounts $ 151 348 930 Values $ 228 414 348 Total $ 1,429 $1,149 a. Determine the amount of any goodwill impairment for Alomar's Sellers reporting unit. Goodwill im pairment loss $ b. After recognition of any goodwill impairment loss, what are the reported book values for the following assets of Alomar's reporting unit Sellers? 151 Tangible assets, net $ Goodwil Patent Customer list 159