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What goodwill impairment should be recognized by sunlands

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Reference no: EM132325609

Question

Sunlands Company bought Special Products Division in 2017 and appropriately recorded $756000 of goodwill related to the purchase. On December 31, 2018, the fair value of Special Products Division is $6350000 and it is carried on Sunland's books for a total of $5450000, including the goodwill.

An analysis of Special Products Division's assets indicates that goodwill of $623000 exists on December 31, 2018. What goodwill impairment should be recognized by Sunlands in 2018?

Reference no: EM132325609

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