Required information Exercise 7-6 Fair value accounting and goodwill (LO 7-3) In Chapter 17, we will discuss goodwill impairment rules, which determine when goodwill must be written down and by how much. They do so by comparing the estimated fair value of a reporting unit to its carrying value. Requirement 2 2. Why wouldn't Jesse use a Level 1 fair value measurement to assess goodwill impairment