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Determine the amount of goodwill impairment loss

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Reference no: EM132576077

DBR Co. acquired another business and correctly recorded $32,400 of goodwill on the purchase in 2018. On December 31, 2020, the net book value of the business is $396,000 and the fair value of the business is $382,500.

Question 1: Determine the amount of goodwill impairment loss (if any) on December 31, 2020. Assume no impairment losses were recognized on goodwill in prior periods.

Reference no: EM132576077

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