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Is there goodwill impairment

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Perry Company recently acquired Sam business, recognizing goodwill in the acquisition.

                           Carrying Value           Fair Value

Tangible Assets         $120,000             $120,000

Trademark                       0                  $50,000

Customer List                 $35,000             $45,000

Goodwill                       $75,000                 ?

problem 1: A year after the acquisition, the fair value of reporting unit including Goodwill is $215,000. Under the given information, is there Goodwill impairment?

Reference no: EM132785436

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