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Sylgad inc acquired a business component, Bash Co. on 4/1/22 paying 14,350,000 cash to obtain the net assets of the division. Basr Co. had the
Sylgad inc acquired a business component, Bash Co. on 4/1/22 paying 14,350,000 cash to obtain the net assets of the division. Basr Co. had the following subcategories reported on its classified balance sheet:
Sylgad Inc. acquired a business component, Bast Co., on 4/1/22, paying $14,350,000 cash to obtain tha nat aeeato at it. Ahisi. unit. 1. Calculate the amount of goodwill recognized by Sygald Inc. when it acquired Bast Co. on 4/1. 2. Determine the amount of impariment, if any, to be recognized on the equipment reported by Bast Co. 3. Determine the amount of impairment, if any, to be recognized on the patent reported by Bast Co. 4. Determine the amount of impairment, if any, to be recognized on goodwill reported by Bast Co during the year, adverse market conditions in the companys industry forced the company to check for impairment of its goodwill. the company determined the following amounts at 12/31/22 for Bast Co's reporting unit.
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