Question 15.11: The reporting unit of a U.S. corporation (e.g., a division) ...

International Financial Statement Analysis

The reporting unit of a U.S. corporation (e.g., a division) has a fair value of $1,300,000 and a carrying book value of $1,400,000 that includes recorded goodwill of $300,000. The estimated fair value of the identifiable assets minus liabilities is $1,200,000. Calculate the impairment loss.

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