Goodwill Impairment: Information has been collected regarding Casey Incorporated cash- generating unit that includes goodwill. At 31 December 20X5, the assets of the Casey€™s cash- generating unit are shown as follows (in millions) on the company€™s balance sheet:

An impairment test indicates that the fair value of Casey€™s cash- generating unit€™s assets is $ 41,000 million. The assets are not separable€” they must be operated or sold together as a group.

Required:
Prepare an adjusting journal entry to record theimpairment.

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Cost Accumulated Depreciation Net Book Value Goodwill Equipment Land Property $ 2,000 15,000 8,000 33,000 $58,000 4,000 8,000 $12,000 $ 2,000 11,000 8,000 25,000 $46,000