Reference no: EM131219718
Alomar Co, a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, sellers, emarged as a candidate for possible goodwill impairment. Sellers have recognized net assets of $1,456, including goodwill of $920. Seller's fair value is assessed at $1,289 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $301 and $141, respectively). The following table summarizes current financial information for the sellers reporting unit:
Carrying Amounts Fait values
Tangible assets, net $ 94 $ 158
Recognized intangiable assets, net 442 517
Goodwill 920 ?
Unrecognized intangiable assets 0 442
Total $ 1,456 $ 1,289
a. Determine the amount of any goodwill impairment for Alomar's Sellers reporting unit.
Goodwill impairment loss
b. After recognition of any impairments loss, what are the reported book value for the following assets of Alomar's reporting unit sellers?
Tangiable assets, net
Goodwill
Patent
Customer list
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