Background Data: Newbloodformemory.com acquired TotalRecall Inc. in 2010 and has operated the acquired entity as a...
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Background Data: Newbloodformemory.com acquired TotalRecall Inc. in 2010 and has operated the acquired entity as a separate reporting unit since that time. There has been a "triggering event" in 2019 and management is now considering impairment for 2019. The book value, also known as the carrying value of the assets in the reporting unit, at the beginning and end of the year, prior to consideration of impairment, is listed below. All numbers in this table are in thousands, L.e. $106,000 in the table below means $106,000,000. Provide a comment below to answer: "Does the company have an impairment of goodwill for the year ended 12/31/19?" DATE 1/01/19 12/31/19 TOTAL CURRENT ASSETS 106,000 104,000 TOTAL TANGIBLES 121.000 117.677 SUBTOTAL 227,000 221,677 Software 46,000 34,500 75,000 65,790 Technology 18,000 Acquired IPR&D 59,000 59,000 Trade Name 93.000 77.120 ICustomer Base Save All Aners all ansuers Timer Question Completion Status: SUBTOTAL 227,000 221,677 Software 46,000 75,000 34,500 Technology Acquired IPR&D 65,790 18,000 Trade Name 59,000 59,000 Customer Base 93,000 77,120 Noncompete Agreement 8,000 5,330 IDENTIFIED INTANGIBLES 299,000 241,740 105,570 105,570 GOODWILL $631,570 $568,987 TOTAL ASSETS 3 (12pt) v T-E - E TTTArial Seve Al Awe All Angeers to save all anIcers Background Data: Newbloodformemory.com acquired TotalRecall Inc. in 2010 and has operated the acquired entity as a separate reporting unit since that time. There has been a "triggering event" in 2019 and management is now considering impairment for 2019. The book value, also known as the carrying value of the assets in the reporting unit, at the beginning and end of the year, prior to consideration of impairment, is listed below. All numbers in this table are in thousands, L.e. $106,000 in the table below means $106,000,000. Provide a comment below to answer: "Does the company have an impairment of goodwill for the year ended 12/31/19?" DATE 1/01/19 12/31/19 TOTAL CURRENT ASSETS 106,000 104,000 TOTAL TANGIBLES 121.000 117.677 SUBTOTAL 227,000 221,677 Software 46,000 34,500 75,000 65,790 Technology 18,000 Acquired IPR&D 59,000 59,000 Trade Name 93.000 77.120 ICustomer Base Save All Aners all ansuers Timer Question Completion Status: SUBTOTAL 227,000 221,677 Software 46,000 75,000 34,500 Technology Acquired IPR&D 65,790 18,000 Trade Name 59,000 59,000 Customer Base 93,000 77,120 Noncompete Agreement 8,000 5,330 IDENTIFIED INTANGIBLES 299,000 241,740 105,570 105,570 GOODWILL $631,570 $568,987 TOTAL ASSETS 3 (12pt) v T-E - E TTTArial Seve Al Awe All Angeers to save all anIcers
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1Based on the data given of goodwill recorded from 112019 of 105... View the full answer
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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