With the information provided below. Since AM is a private company. If wanting to adopt FASB ASU 2017-04 for goodwill impairment. Should the company adopt the accounting alternative or just the private company alternative?

Also, in year December 31, 2019 was the first time that implemented a new policy of performing quantitative goodwill impairment test. What could be an appropriate goodwill valuation in accordance with U.S. GAAP.

Last, should the company adopt early adoption of this 2017-04 or not.

AM Enterprises is a private global conglomerate company of consumer products that manufactures landscaping/gardening products. In January 2015 acquired 100 stocks from:

1. ZD Corporation that sells high-end household accessories in retail markets across the US.
2. Hope Industries is a manufacturer of premium home dcor with emphasis on decorative linens.

Thanks,