The following information is available for the assets of Saman Ltd. at December 31, Year 5 : Required: The following 3 parts are independent situations. Part A. Assume that the total fair value for all of Saman's assets as a group is $2,020. (a) Calculate the total impairment loss for Year 5 . (Input the value as positive number. Omit $ sign in your response.) Total impairment loss $ (b) After recognizing any impairment loss in (a), what are the reported carrying amounts for assets listed above? (Leave no cells ble be certain to enter "0" wherever required. Omit $ sign in your response.) Part B. Assume that the total fair value for all of Saman's assets as a group is $1,498. (a) Calculate the total impairment loss for Year 5. (Input the value as positive number. Omit $ sign in your response.) Total impairment loss $ (b) After recognizing any impairment loss in (a), what are the reported carrying amounts for assets listed above? (Leave no cells blank be certain to enter "0" wherever required. Do not round intermediate calculations. Round final answers to the nearest dollar amount. Omit $ sign in your response.) Part C. Assume that Cyrus acquired all of Saman's assets for $2,020 as a business acquisition. (a) Determine the amount to allocate to each of the assets listed above on the date of acquisition. (Omit $ sign in your response.) The following information is available for the assets of Saman Ltd. at December 31, Year 5 : Required: The following 3 parts are independent situations. Part A. Assume that the total fair value for all of Saman's assets as a group is $2,020. (a) Calculate the total impairment loss for Year 5 . (Input the value as positive number. Omit $ sign in your response.) Total impairment loss $ (b) After recognizing any impairment loss in (a), what are the reported carrying amounts for assets listed above? (Leave no cells ble be certain to enter "0" wherever required. Omit $ sign in your response.) Part B. Assume that the total fair value for all of Saman's assets as a group is $1,498. (a) Calculate the total impairment loss for Year 5. (Input the value as positive number. Omit $ sign in your response.) Total impairment loss $ (b) After recognizing any impairment loss in (a), what are the reported carrying amounts for assets listed above? (Leave no cells blank be certain to enter "0" wherever required. Do not round intermediate calculations. Round final answers to the nearest dollar amount. Omit $ sign in your response.) Part C. Assume that Cyrus acquired all of Saman's assets for $2,020 as a business acquisition. (a) Determine the amount to allocate to each of the assets listed above on the date of acquisition. (Omit $ sign in your response.)
