Subsequent reversal of recognized impairment losses is not permitted under U.S. GAAP. Exercises Bauer Co. had a merger and recorded goodwill $500,000 two years ago. Two years later, on December 31, 2014, the fair value of the acquired Division is $4,000,000 and the carrying value is $4,075,000, including goodwill. Additionally, an analysis of Division indicates that the fair valve of Bauer's assets (other than goodwill) and liabilities on December 31, 2014 are as follows: Fair Value (s) 400,000 825,000 2,950,000 Cash Accounts Receivable Inventory Property, Plant and Equipment3,700,000 Patents Accounts Payable Notes Payable 300,000 950,000 3,600,000 Prepare the accounting adjustment for 2014