Paste BI U Eva Av Ax & fx C D ANSWER PARTS 2a., 2b. and 2c below. SHOW ALL WORK IN SUPPORT OF YOUR ANSWER IF YOU DO NOT SHOW WORK IN SUPPORT OF YOUR ANSWERS YOU MAY NOT GET FULL CREDIT KONAID Elderly Services has three reporting units: INDE-LIV, ASSIST-LIV and ADL-CARE. Each reporting unit for KONAID carries a balance of goodwill in their reporting unit financial information that must be tested annually for impairment. 2a. KONAID reporting unit INDE-LIV reports the following financial information for the fiscal year ending 12/31/2018 in ($000's): Valuation of Carrying Fair Reporting Unit Reporting Unit: INDE-UV Value Values including Goodwill 410,000 Tangible assets 350,000 325,000 Customer List 75,000 100,000 Patents 50,000 75,000 Goodwill 120,000 Liabilities (150,000) (150,000) Total 445,000 350,000 L. Using the Two Step test determine goodwill impairmenton if any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER! -. Using the revised impairment testing per ASU 20174 determine poodwal impairment if any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER SUMMARY PROB 1 TAB 1 PROB 1 TAB 2 PROB_1_EX CREDIT 1. Using the revised impairment testing per ASU 2017 #4 determine goodwill impairment if any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER! 2b. KONAID reporting unit ASSIST LIV reports the following financial information for for the fiscal year ending 12/31/2018 in ($200's): Valuation of Carrying Fair Reporting Unit Reporting Unit: ASSIST-LIV Value Values (including Goodwill 350,000 Tangible assets 300,000 300,000 Patents and technology 130,000 130,000 Licenses 125,000 125,000 Goodwill 120,000 Liabilities (200,000) (210,000) Total 475,000 345,000 345,000 i. Using the Two Step test determine goodwill impairmenton If any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER! Step 1: 1. Using the revised impairment testing per ASU 2017 14 determine goodwill impairmenton if any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWERI Calib buy) Paste B IU, Ev av A E B $ - % D 78 2c. KONAID reporting unit ADL-CARE shows the following financial information for the fiscal year ending. 12/31/2018 in ($000's): Valuation of Carrying Fair Reporting Unit Reporting Unit: ADL-UV Value Values (including Goodwill) 525,000 Tangible assets 280,000 300,000 Trademarks 250,000 225,000 Patents and technology 100,000 100,000 Goodwill 100,000 Liabilities (250,000) (250,000) Total 480,000 375,000 375,000 1. Using the Two Step test determine goodwill impairmenton If any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER! Step 1 Step 2 IL. Using the revised impairment testing per ASU 2017 84 determine goodwill impairmenton If any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER 108 Paste BI U Eva Av Ax & fx C D ANSWER PARTS 2a., 2b. and 2c below. SHOW ALL WORK IN SUPPORT OF YOUR ANSWER IF YOU DO NOT SHOW WORK IN SUPPORT OF YOUR ANSWERS YOU MAY NOT GET FULL CREDIT KONAID Elderly Services has three reporting units: INDE-LIV, ASSIST-LIV and ADL-CARE. Each reporting unit for KONAID carries a balance of goodwill in their reporting unit financial information that must be tested annually for impairment. 2a. KONAID reporting unit INDE-LIV reports the following financial information for the fiscal year ending 12/31/2018 in ($000's): Valuation of Carrying Fair Reporting Unit Reporting Unit: INDE-UV Value Values including Goodwill 410,000 Tangible assets 350,000 325,000 Customer List 75,000 100,000 Patents 50,000 75,000 Goodwill 120,000 Liabilities (150,000) (150,000) Total 445,000 350,000 L. Using the Two Step test determine goodwill impairmenton if any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER! -. Using the revised impairment testing per ASU 20174 determine poodwal impairment if any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER SUMMARY PROB 1 TAB 1 PROB 1 TAB 2 PROB_1_EX CREDIT 1. Using the revised impairment testing per ASU 2017 #4 determine goodwill impairment if any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER! 2b. KONAID reporting unit ASSIST LIV reports the following financial information for for the fiscal year ending 12/31/2018 in ($200's): Valuation of Carrying Fair Reporting Unit Reporting Unit: ASSIST-LIV Value Values (including Goodwill 350,000 Tangible assets 300,000 300,000 Patents and technology 130,000 130,000 Licenses 125,000 125,000 Goodwill 120,000 Liabilities (200,000) (210,000) Total 475,000 345,000 345,000 i. Using the Two Step test determine goodwill impairmenton If any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER! Step 1: 1. Using the revised impairment testing per ASU 2017 14 determine goodwill impairmenton if any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWERI Calib buy) Paste B IU, Ev av A E B $ - % D 78 2c. KONAID reporting unit ADL-CARE shows the following financial information for the fiscal year ending. 12/31/2018 in ($000's): Valuation of Carrying Fair Reporting Unit Reporting Unit: ADL-UV Value Values (including Goodwill) 525,000 Tangible assets 280,000 300,000 Trademarks 250,000 225,000 Patents and technology 100,000 100,000 Goodwill 100,000 Liabilities (250,000) (250,000) Total 480,000 375,000 375,000 1. Using the Two Step test determine goodwill impairmenton If any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER! Step 1 Step 2 IL. Using the revised impairment testing per ASU 2017 84 determine goodwill impairmenton If any on the carrying value of goodwill as of 12/31/2018. SHOW ALL WORK IN SUPPORT OF ANSWER 108