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What amount of loss on impairment of goodwill

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Reference no: EM133057626

Question - Sandhill Corporation acquired End-of-the-World Products on January 1, 2020 for $6800000, and recorded goodwill of $1280000 as a result of that purchase. At December 31, 2021, the End-of-the-World Products Division had a fair value of $5132000. The net identifiable assets of the Division (including goodwill) had a carrying value of $5840000 at that time. What amount of loss on impairment of goodwill should Sandhill record in 2021?

a. $960000

b. $0

c. $1668000

d. $708000

Reference no: EM133057626

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