Golf Pro Inc. is approaching its year-end and the company is considering whether it needs to test

Question:

Golf Pro Inc. is approaching its year-end and the company is considering whether it needs to test the following non-current assets on its balance sheet. The company has been reasonably profitable and has had stable operations.
a. Golf club molding machine.
b. Golf ball logo stamper; packaging equipment. (Golf Pro buys balls in bulk and adds the company’s logo before distributing to wholesalers.)
c. Patent for the company’s own make of golf clubs, due to expires in 12 years.
d. The Golf Pro brand name, which the company bought from the prior owner.
e. from the acquisition of a golf cart distributor.
Required:
Determine whether each of the above assets should be evaluated for impairment and justify your conclusion. Note that this task does not require you to actually carry' out the impairment test, but just to indicate whether such a test is necessary.
Goodwill
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