Wilson Corporation is performing the test of impairment of its Technology reporting unit at the end of the year. Wilson has determined the fair value of the unit using a multiple of earnings approach at $2,000,000. The carrying value of the net assets of the Technology unit is $2,100,000. What should Wilson do with this information?

Answer rating: 100% (QA)

Based on the information provided Wilson Corporations Technology reporting unit is currently overval... View the full answer