Homework Answers
| As the book value of Seaford's net assets exceeds fair value, there is an impairment loss. | ||
| Fair value of Seaford | 810 | |
| Less: Fair value of Seaford's net assets(excluding Goodwill) | 650 | |
| Implied value of Goodwill | 160 | million |
| Book value of Goodwill | 260 | |
| Less: Implied value of Goodwill | 160 | |
| Amount of Goodwill impairment loss | 100 | million |
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