Question

n 2015, Antle Inc. had acquired Demski Co. and recorded goodwill of $270 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2016 year-end book value of $605 million. Antle assessed the fair value of Demski at this date to be $725 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $580 million. The amount of the impairment loss that Antle would record for goodwill at the end of 2016 is:

Answer 1

$0

Step-by-step explanation:

As we know that the impairment loss is recognized when the book value is more than the fair value

As we can see that since book value is not greater than the fair value so the impairment loss than need to be recorded at the end of 2016 should be zero as it does not satisfy the given condition

Hence, the answer is $0 and the same is to be considered