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the part below is where my professor wants answer and the question is at the end Exercise 410 Amortization Expense Summary Immune Customer Relationslu- $4:000,000

the part below is where my professor wants answer and the question is at the end

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Exercise 410 Amortization Expense Summary Immune Customer Relationslu- $4:000,000 _- _- _- htaanIes - Favorable Leaseholds $81000,000 _- _-- Impairments Total Identiable Intangible Assets Intan_ible Book Value Cash Flows Im-aired'? Cash Flows Impairment _-- _-- _-- Goodwill Unit Book Unit Fair Amount of Value Value Impaired? Impairment we we Goodwill mo mo - mm mm - Identiable Intangibles and Goodwill, U.S. GAAP Iutemational Foods, a U.S. Consolidated nancial statements include the following Intangible asset Date of acquisition Fair value At date of acquisition Useful life Customer relationshigs ......... January 1, 2019 $ 4,000,000 4 years Favorable leaseholds ...... W . June 30, 2019 E 000 000 5 years Brand names ................. June 30, 2019 18,000,000 Indenite Goodwill ............ W . . . . January 1, 2019 500 000 000 Indenite Goodwill was assigned to the following reporting units Asiam .................................................. $100, 000, 000 South America ........................................... 150, 000, 000 Europe ................................................. 250,000,000 Total .................................................. $500,000,000 It is now Dec 31, 2020 the end of international foods accounting year. No Impairment losses were reported on any intangible in 2019. Assume that international foods by pass the qualitative options for impairment testing of goodwill and indenite life intangibles. Additional information at ggcm 31 2020 as follows: Intangible asset Sum of future expected undiscounted cash ows Sum of future expected discounted cash ows Customer relationshigs ......... 1,200,000 $ 900,000 Favorable leaseholds ...... W . 6,000,000 4,400,000 Brand names ................. 14,000,000 3,000,000 Reporting unit Unit carrying value Unit fair value Asia. .................... $300, 000, 000 $400,000,000 South America ............ 200,000,000 350,000,000 Europe .................. 600 000 000 500,000,000

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