ABC Construction & Paving expanded its business by purchasing Abott Maintenance, a division that provides road maintenance services. The division was purchased three years ago for $3,159,000 and has been identified as a reporting unit. The net assets for the division including goodwill are as follows:

Cash		$252,000
Accounts Receivables		297,000
Inventory		780,000
Property, Plant & Equipment		974,000
Goodwill		1,235,000
Accounts Payable		(119,000	)
Unearned Revenue		(75,000	)
Net assets, at carrying amounts		$3,344,000

The fair value of the Abott Maintenance Division reporting unit as a whole is estimated to be $3,071,000. Management determines that the units value in use is $3,170,000.

Prepare any appropriate journal entries for goodwill impairment assuming that ABC Construction & Paving is reporting under ASPE.

Account Titles and Explanation Debit Credit