International Foods, a U.S. company, acquired two companies in 2013. As a result, its consolidated financial statements include the following acquired intangibles:

Goodwill was assigned to the following reporting units:
Asia$100,000,000
South America150,000,000
Europe250,000,000
Total$500,000,000
It is now December 31,2014, the end of International Foods' accounting year. No impairment losses were reported on any intangibles in 2013. Assume that International Foods bypasses the qualitative option for impairment testing of goodwill and indefinite life intangibles.

Required
Compute 2014 amortization expense and impairment losses on the above intangibles, following U.S. GAAP.

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Date of Acquisition Fair Value at Date of Acquisition Intangible Useful Life Customer relationships....January 1, 2013 Favorable leaseholds..June 30, 2013 Brand names ..._.._..June 30, 2013 Goodwill.January 1, 2013 $ 4,000,000 8,000,000 18,000,000 500,000,000 4 years 5 years Indefinite Indefinite Sum of Future Expected Sum of Future Expected Discounted Cash Flows Intangible Undiscounted Cash Flows $ 1,200,000 14,000,000 900,000 4,400,000 7,000,000 Customer relationships 6,000,000 Fair Value of Identifiable Net Assets Reporting UnitUnit Carrying Value Unit Fair Value Asia.... South America Europececoo $300,000,000 200,000,000 600,000,000 $400,000,000 350,000,000 500,000,000 $375,000,000 280,000,000 385,000,000