Goodwill Assigned to Reporting Units
Groft Company purchased Strobe Company’s net assets and assigned them to four separate reporting units. Total goodwill of $186,000 is assigned to the reporting units as indicated:
| Reporting Unit | |||
A | B | C | D | |
Carrying value of investment | $700,000 | $330,000 | $380,000 | $520,000 |
Goodwill included in carrying value | 60,000 | 48,000 | 28,000 | 50,000 |
Fair value of net identifiable assets at year-end | 600,000 | 300,000 | 400,000 | 500,000 |
Fair value of reporting unit at year-end | 690,000 | 335,000 | 370,000 | 585,000 |
Required
Determine the amount of goodwill that Groft should report at year-end. Show how you computed it.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.