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Sousa Auto Malls recently conducted its annual impairment review of the value of its trademark (an indefinite-life intangible asset), which it currently carries at $2,509,000.
Sousa Auto Malls recently conducted its annual impairment review of the value of its trademark (an indefinite-life intangible asset), which it currently carries at $2,509,000. Evidence indicates that the trademark may be impaired. Sousa estimates the future cash flows related to the trademark for the next 5 years as follows: (Click the icon to view the cash flow projection table.) The company estimates that the fair value of the trademark is $1,708,000. Determine whether the trademark is impaired. If so, what is the amount of the impairment loss? (If you selected "No" that an impairment loss is not indicated, then leave the impairment loss input cell blank. Show a loss with a parentheses or minus sign.)
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