Solution-Analysis of special products divisions assets

Analysis of special products divisions assets

Reference no: EM13525436

General Products Company bought Special Products Division in 2006 and appropriately booked $250,000 of goodwill related to the purchase. On December 31, 2007, the fair value of Special Products Division is $2,000,000 and it is carried on General Product's books for a total of $1,700,000, including the goodwill. An analysis of Special Products Division's assets indicates that goodwill of $200,000 exists on December 31, 2007. What goodwill impairment should be recognized by General Products in 2007?

Reference no: EM13525436

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Analysis of special products divisions assets

Reference no: EM13525436

Reference no: EM13525436

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