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What is the amount of the impairment loss

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Question - Suppose that Dimler Co. acquires Christler Co. at a premium of $250,000 over book value. After three years, Dimler tests its goodwill for impairment. If the fair value of Christler's assets is $2.1mm, their book value is $2.4mm and their market value is $2.2mm, then what is the amount of the impairment loss?

A. $150,000

B. $200,000

C. $300,000

D. $250,000

E. $100,000

Reference no: EM132531688

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