Company X determined that its goodwill is impaired. The fair value of the reporting unit was $$400,000,$ the fair value of net identifiable assets $($excluding goodwill$)$ was $$350,000,$ the book value of net assets $($including goodwill$)$ was $$420,000,$ and the book value of goodwill was $$80,000.$ After recording the impairment, the company's income statement should include a charge $($i$.$e$.$ deduction$)$ of$$? 

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Calculating the impairment charge for Company Xs goodwill Goodwill Impairment Charge Calculation Her... View the full answer