Question: Use the information provided in BE11-9. Assume that the fair value of the division is estimated to be $750,000 and the implied goodwill is $325,000.

Use the information provided in BE11-9. Assume that the fair value of the division is estimated to be $750,000 and the implied goodwill is $325,000. Prepare Evander’s journal entry, if necessary, to record impairment of the goodwill.

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