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The net assets of Jamal company at the end of 2019 was 500,000. The company received an offer to purchase the division for $470.000. All
The net assets of Jamal company at the end of 2019 was 500,000. The company received an offer to purchase the division for $470.000. All the identifiable assets and liabilities book and fair value amounts are the same. Instruction: 1- Prepare the journal entry to record the impairment at the end of 2019 if any.(2.5 Points) 2- Prepare the entry to amortize the goodwill at the end of the year if the goodwill be amortized for 5 years. (2.5 Points)
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