In 2015, Antle Inc. had acquired Demski Co. and recorded goodwill of $335 million as a result.
Fantastic news! We've Found the answer you've been seeking!
Question:
In 2015, Antle Inc. had acquired Demski Co. and recorded goodwill of $335 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2016 year-end book value of $670 million. Antle assessed the fair value of Demski at this date to be $790 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $721 million. The amount of the impairment loss that Antle would record for goodwill at the end of 2016 is:---------
Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
Posted Date: