Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated...
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Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated the resulting goodwill to its three reporting units: RU RU and RU Purchase opts to skip the qualitative assessment and therefore performs a quantitative goodwill impairment review annually. In its currentyear assessment of goodwill, Purchase provides the following individual asset and liability carrying amounts for each of its reporting units: Carrying Amounts RU RU RU Tangible assets $ $ $ Trademark Customer list Unpatented technology Licenses Copyrights Goodwill Liabilities The total fair values for each reporting unit including goodwill are $ for RU $ for RU and $ for RU To date, Purchase has reported no goodwill impairments. How much goodwill impairment should Purchase report this year for each of its reporting units?
Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated the resulting goodwill to its three reporting units: RU RU and RU Purchase opts to skip the qualitative assessment and therefore performs a quantitative goodwill impairment review annually.
In its currentyear assessment of goodwill, Purchase provides the following individual asset and liability carrying amounts for each of its reporting units:
Carrying Amounts
RU RU RU
Tangible assets $ $ $
Trademark
Customer list
Unpatented technology
Licenses
Copyrights
Goodwill
Liabilities
The total fair values for each reporting unit including goodwill are $ for RU $ for RU and $ for RU To date, Purchase has reported no goodwill impairments.
How much goodwill impairment should Purchase report this year for each of its reporting units?
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