Wandlyn Resorts, Inc. owns and operates two resort properties that operate under different brand names one is located in Florida and the other in Costa Rica. Wandlyn has determined that each resort constitutes an asset group for testing long-lived assets for impairment and a reporting unit for testing goodwill for impairment. Wandlyn was acquired by an investment firm several years ago, resulting in the inclusion of a brand name intangible asset and goodwill in each asset group/reporting unit. Wandlyn has determined that both brand name intangible assets have indefinite useful lives.

The following types of assets are present at each resort asset group/reporting unit:

- Accounts receivable

- Inventory

- Customer-related intangible assets (finite-lived)

- Brand name intangible assets (indefinite lived)

- Property, plant, and equipment

- Goodwill

In the current reporting period, Wandlyn has determined that, at the Florida resort, a triggering event occurred, requiring the asset group to be tested for impairment on a held-and-used basis. Further, during the current reporting period, Wandlyn began a process to dispose of the resort in Costa Rica through a sale, and has determined that the criteria for classification as held for sale have been satisfied.

REQUIRED:

What is the sequence of impairment testing for the assets in Wandlyn Resorts Costa Rica resort disposal group when the disposal group is classified as held for sale? Support your answer with relevant authoritative guidance from the FASB Codification. (Use the following ASC citation format: ASC 000-00-00-00. Make sure to include ASC in your citation(s).)