Additional information about the recorded goodwill and intangibles on December 31, 2020 are as follows: Goodwill has a recoverable value of $700,000 as at December 31, 2020 The customer list balance was $250,000 (gross value not considering the accumulated amortization). It is now expected to provide undiscounted future cash flows of $50,000 in total over the next two years. There are no estimated costs to sell the list, as it will not be sold, and the value in use is $46,000 Determine whether the goodwill and customer list assets are impaired, and if so, the amount of the write-down. Be sure to provide any appropriate criteria, evaluate the criteria using case facts and conclude on the issue. Discuss impact on financial statement's users' needs. Additional information about the recorded goodwill and intangibles on December 31, 2020 are as follows: Goodwill has a recoverable value of $700,000 as at December 31, 2020 The customer list balance was $250,000 (gross value not considering the accumulated amortization). It is now expected to provide undiscounted future cash flows of $50,000 in total over the next two years. There are no estimated costs to sell the list, as it will not be sold, and the value in use is $46,000 Determine whether the goodwill and customer list assets are impaired, and if so, the amount of the write-down. Be sure to provide any appropriate criteria, evaluate the criteria using case facts and conclude on the issue. Discuss impact on financial statement's users' needs