Reference no: EM133061176
Question - 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 $1094, including goodwill of $755. Sellers' fair value is assessed at $1028, and includes two internally developed unrecognized intangible assets (a patent and a customer list) with fair values of $199 and $56, respectively. The following summarizes current financial information for Sellers.
Carrying amounts:
Tangible assets, net: $84
Recognized intangible assets, net: $255
Goodwill: $755
Total: $1094
Fair values:
Tangible assets, net: $137
Recognized intangible assets, net: $326
Goodwill: ?
Unrecognized intangible assets: $255
Total: $1028
Required -
A) How much goodwill impairment does Alomar recognize?
B) After recognition of any goodwill impairment loss, what are the reported book values for the following assets of Alomar's reporting unit Sellers?