Outside products company bought inside products division in

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Outside Products Company bought Inside Products Division in 2012 and appropriately recorded $700,000 of goodwill related to this purchase. On December 31, 2014, the fair value of Inside Products Division i $6,000,000 and it is carried on Outside Product's books for a total of $5,100,000, including the goodwill. An analysis of Inside Products Division's assets indicates that goodwill of $600,000 exists on December 31, 2014.

What amount of goodwill impairment should be recognized by General Products in 2014?

Reference no: EM13567659

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