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in 2015, Ante nc. had acquired Demski Co. and recorded goodwill of S285 million

ID: 2583275 • Letter: I

Question

in 2015, Ante nc. had acquired Demski Co. and recorded goodwill of S285 million as a result The net assets Oncluding goodwlll from Antle's acquisiton of Demskl Co. had a 2016 year-end book value of $620 million. Ante assessed the fair value of Demski at this date to be $740 million, whille the fair value of all of Demsk's dentifilable tangible and Intangible assets (excluding goodwill) was $589 million. The amount of the mpeirment loss that Antle would record for goodwill at the end of 2016 is: $151 million. O so O None of these answer choices are correct O $134 million. MacBook Air esc F3 FS 2 4

Explanation / Answer

Impairment loss will be recognised when carrying amount is more than Fair Value. In this case carrying amount is $620 million and fair value is $740 million. Therfore no impairment loss will be recognised.

Answer B.0

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