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What amount of loss on impairment

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Question - Cullumber Corporation acquired Linebrink Products on January 1, 2021 for $10,050,000, and recorded goodwill of $2,150,000 as a result of that purchase. At December 31, 2021, Linebrink Products had a fair value of $5,995,000. The net identifiable assets of the Linebrink (including goodwill) had a carrying value of $6,450,000 at that time. What amount of loss on impairment of goodwill should Cullumber record in 2021?

Reference no: EM133089773

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