Reference no: EM132597754

Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers has recognized net assets of $1,316, including goodwill of $795. Seller's fair value is assessed at $1,291 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $273 and $133, respectively). The following table summarizes current financial information for the Sellers reporting unit:

                                    Carrying                         Fair

                                    Amounts                           Values

Tangible assets, net      $115                              $144

Recognized intangible assets, net 406                         463

Goodwill                              795                                 ?

Unrecognized intangible assets 0                                     406

Total                                  $1,316                               $1,291

Question 1: Determine the amount of any goodwill impairment for Alomar's Sellers reporting unit.

Question 2: After recognition of any goodwill impairment loss, what are the reported carrying amounts for the following assets (Tangible Assets, Net / Goodwill / Patent / Customer List ) of Alomar's reporting unit Sellers?