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What is the adjusted amount of goodwill for reporting unit

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Coburn Company is testing two reporting units for impairment of goodwill. Information about results of such tests are shown as follows:

CGU X & CGU Y, respectively

Segment carrying amount including goodwill 5,000,000 & 6,000,000;

Carrying amount of goodwill 1,000,000 & 1,000,000;

Estimated fair value of total assets 5,800,000 & 5,600,000;

Estimated fair value other than goodwill 4,200,000 & 5,000,000

Problem 1: After properly adjusting the goodwill for impairment, what is the adjusted amount of goodwill for the reporting unit CGU X?

Problem 2: After properly adjusting the goodwill for impairment, what is the adjusted amount of goodwill for the reporting unit CGU Y?

Reference no: EM132674975

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