Question 2 (of 23) In 2015, Antle Inc. had acquired Demski Co. and recorded good

Question

Question 2 (of 23) In 2015, Antle Inc. had acquired Demski Co. and recorded goodwill of $290 million as a result. The net assets. Oncluding goodwill) from Antle's acquisition of Demskl Co. had a 2016 year-end book value of $625 million. Antle assessed the fair value of Demskl at this date to be $745 million, while the fair value of all of Demski's Identifiable tangible and intangible assets (excluding goodwil) was $626 million. The amount of the Impairment loss that Antle would record for goodwill at the end of 2016 is: O None of these answer choices are' correct so. $0. $119 million. O $171 million.

Explanation / Answer

Answer : c.$0.

Impairment of loss is recognised the book value is exceeding the fair value. so in this case, it does not impairment loss is recognised.

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