Alomar Co., a consolidated enterprise, conducted an impairment
review for each of its reporting units. In its qualitative
assessment, one particular reporting unit, Sellers, emerged as a
candidate for possible goodwill impairment. Sellers has recognized
net assets of $1,366, including goodwill of $915. Seller’s fair
value is assessed at $1,181 and includes two internally developed
unrecognized intangible assets (a patent and a customer list with
fair values of $222 and $115, respectively). The following table
summarizes current financial information for the Sellers reporting
unit:
| Carrying Amounts |
Fair Values |
||||
| Tangible assets, net | $ | 114 | $ | 160 | |
| Recognized intangible assets, net | 337 | 387 | |||
| Goodwill | 915 | ? | |||
| Unrecognized intangible assets | 0 | 337 | |||
| Total | $ | 1,366 | $ | 1,181 | |
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Determine the amount of any goodwill impairment for Alomar’s
Sellers reporting unit.
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After recognition of any goodwill impairment loss, what are the
reported carrying amounts for the following assets of Alomar’s
reporting unit Sellers?
