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Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated the resulting goodwill to its three reporting units: RU -
Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated the
resulting goodwill to its three reporting units: RU RU and RU Purchase opts to skip the qualitative assessment and therefore
performs a quantitative goodwill impairment review annually.
In its currentyear assessment of goodwill, Purchase provides the following individual asset and liability carrying amounts for each of
its reporting units:
The total fair values for each reporting unit including goodwill are $ for $ for and $ for To
date, Purchase has reported no goodwill impairments.
How much goodwill impairment should Purchase report this year for each of its reporting units?
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