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The management of Devin Corporation is testing two of its reporting units for impairment of...

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Accounting

The management of Devin Corporation is testing two of its reporting units for impairment of goodwill. Information about results of these tests are shown below.

Reporting Units

Telecommunications

Networking

Segment carrying amount (including goodwill)

 $2,500,000 $3,000,000

Carrying value of goodwill

 500,000 500,000

Estimated fair value of total

 2,900,000 2,800,000

Estimated fair value of assets and liabilities other than goodwill

 2,100,000 2,500,000

After properly adjusting the goodwill for impairment, what will be the amount of the goodwill impairment loss reported by Devin Corporation?

$500,000

$0

$300,000

$200,000

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