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Problem 3-17 (Algo) (LO 3-6) Blackboard Learn Connect Mode Cloud Yahoo Bng G Gange Wieda te Alomar Co., a consolidated enterprise, conducted an impairment review
Problem 3-17 (Algo) (LO 3-6) Blackboard Learn Connect Mode Cloud Yahoo Bng G Gange Wieda te Alomar Co., a consolidated enterprise, conducted an impairment review for each of ts reporting unts. In ts qualitative assessment one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Selers had recognized net uses un carrying amounts totaling $1,428, including goodwill of $925. Selle's reporting unit fair value is assessed at $125 and includes two Internally developed unrecognized intangible assets (a patent and a customer list with fair values of $283 and $74, respectives, The following table summarizes current financial information for the Sellers reporting unit: Tangible assets, net Recognized intangible assets, net Goodwill Unrecognized intangible assets Carrying mounts $146 Fair Values $204 357 925 0 2 357 a. Determine the amount of any goodwill impairment for Alomar's Sellers reporting unt b. After recognition of any goodwill impairment loss, what are the reported carrying amounts for the following assets of Alomer's reporting unit Sellers? Amounts a Goodwill impairment loss b. Tangible assets, net Goodwill Patent Customer list
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