Question: On December31, Star Corp. had a reporting unit that had a book value of$950,000, including goodwill of$130,000. As part of thecompany's annual review of goodwillimpairment,

On December31, Star Corp. had a reporting unit that had a book value of$950,000, including goodwill of$130,000. As part of thecompany's annual review of goodwillimpairment, Star determined that the fair value of the reporting unit was$890,000. Star assigned$840,000 of the reporting units fair value to its assets and liabilities other than goodwill. What is the goodwill impairment loss to be reported on December 31 under U.S.GAAP?

$80,000

$50,000

$60,000

$110,000

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