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What amount of loss on impairment of goodwill Sunland record

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Question - Sunland Corporation acquired End-of-the-World Products on January 1, 2017 for $6700000, and recorded goodwill of $1260000 as a result of that purchase. At December 31, 2018, the End-of-the-World Products Division had a fair value of $5740000. The net identifiable assets of the Division (excluding goodwill) had a fair value of $5034000 at that time. What amount of loss on impairment of goodwill should Sunland record in 2018?

Reference no: EM132563384

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