Question: Please Solve the question completely. Will rate the answer for sure. E 1-18 Goodwill Measurement Washer Company has a reporting unit resulting from an earlier

 Please Solve the question completely. Will rate the answer for sure.E 1-18 Goodwill Measurement Washer Company has a reporting unit resulting from

Please Solve the question completely. Will rate the answer for sure.

E 1-18 Goodwill Measurement Washer Company has a reporting unit resulting from an earlier business combination. The reporting unit's current assets and liabilities are: Carrying Amount Fair Value Cash $30,000 $30,000 Inventory 70,000 100,000 Land 30,000 60,000 Buildings 210,000 230,000 Equipment 160,000 170,000 Goodwill 150,000 Notes Payable 100,000 100,000 Required: Determine the amount of goodwill to be reported and the amount of goodwill impairment, if any, if the fair value of the reporting unit is determined to be: a. $580,000 b. $540,000 c. $500,000 d. $460,000 E1-18 Goodwill Measurement a. Compare FV of RU to CV of RU: Value of Goodwill: _Goodwill Impairment Loss: b. Compare FV of RU to CV of RU: Value of Goodwill: _Goodwill Impairment Loss: c. Compare FV of RU to CV of RU: Value of Goodwill: _Goodwill Impairment Loss d. Compare FV of RU to CV of RU: Value of Goodwill: _Goodwill Impairment Loss

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