Use the same information from P12- 5 and the additional information below, now assuming that Green River Company is an IFRS reporter. The following are estimates of current fair values less costs to sell:
In P12-5

Required
a. Compute the amount of goodwill to be recorded on the date of acquisition.
b. Conduct the impairment test for goodwill at the end of the year, one year after the acquisition. Assume no changes in the cash- generating unit€™s assets and liabilities during the year except for depreciation and amortization.
c. Conduct the impairment tests indicated for assets other than goodwill at the end of the year, one year after the acquisition.
d. Prepare the journal entries required to record any impairment losses computed in parts ( b) and ( c).

Debit Credit Description Investment securities- Held to matty S 30.000 Plant and equipment-net Intangible assets-net Long-tem debt Contributed capital Retained earnings 195,000 70.000 $115.000 60,000 120,000 $295,000 $295,000 Totals Description Plant and equipment-net Customer list Long-term debt Book Value i Value Adjustment $195,000 $210,000 $15,000 50,000 (115.000 (120000 5000 $140,000 50,000 Total Net Assets S 80,000 $60,000 Plant and Equipment Intangible Assets List Customer $11,000 $126.000 $54,000 Plant and Equipment Intangible Assets List Finite-life Customer Current selling price lless costs to sell $134,000 $43,600 $55,700