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How to assess the goodwill for impairment at december

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Reference no: EM132743064

Information relating to Corp's cash generating unit (CGU) at December 31, 2020:

Goodwill carrying value $ 5,000

Equipment carrying value 9,850

Undiscounted future cash flows 15,000

Discounted future cash flows 11,500

Fair value 10,680

Costs to sell 180

Required:

Problem 1: Assess the goodwill for impairment at December 31, 2020 assuming ASPE is used.

Reference no: EM132743064

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