Reference no: EM132674971

At the beginning of the current year, Williams Company acquired another entity in a business combination. As a result of the combination, the following amounts of goodwill were recorded for each of the three CGUs of the acquiree:

CGU Genesis 600,000;

CGU Exodus 400,000;

CGU Leviticus 800,000;

• Near the end of current year, a new major competitor entered the entity's market and the entity was concerned that this might cause a significant decline in the value of goodwill.

Accordingly, the entity computed the implied value of the goodwill for the three major reporting units at year-end as follows:

CGU Genesis 500,000;

CGU Exodus 200,000;

CGU Leviticus 1,200,000.

Problem 1. What is the impairment of goodwill attributable to CGU Genesis?

Problem 2. What is the impairment of goodwill attributable to CGU Exodus?

Problem 3. What is the impairment of goodwill attributable of CGU Leviticus?