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Compute the amount of the impairment loss

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Question - In 2018, Martin Corp. acquired Glynco and recorded goodwill of $45 million. Martin considers Glynco a separate reporting unit. By the end of 2021, the net assets (including goodwill) of Glynco are $324 million and its estimated fair value is $260 million. Compute the amount of the impairment loss that Martin would record for goodwill at the end of 2021?

a. $0

b. $60 million

c. $45 million

d. $15 million

Reference no: EM132549623

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