Quality Move Bakeries, an IFRS reporter, is required to test goodwill for impairment each year. The current carrying value of its reported goodwill is $600,000. The goodwill pertains to the cash-generating unit. The book value of the net assets of the cash-generating unit, excluding goodwill, is equal to $1,400,000. The fair value of the cash-generating unit (less costs to sell) is $2,450,000. Its value in use is $2,250,000. Determine whether Move's goodwill is impaired. Start with Part 1. Part 1: Recoverable amount of the CGU Goodwill