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QUESTION

Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units.

Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers has recognized net assets of $1,094, including goodwill of $755. Seller's fair value is assessed at $1,028 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $199 and $56, respectively). The following table summarizes current financial information for the Sellers reporting unit:

                                                                                                                                                                             Carrying                                 Fair 

                                                                                                                                                                             Amounts                               Values 

Tangible assets, net                                                                                                                                                 $ 84                                    $ 137                                 Recognized intangible assets, net                                                                                                                              255                                      326                               Goodwill                                                                                                                                                                      755                                         ?                              Unrecognized intangible assets                                                                                                                                    0                                        255                                                  Total                                                                                                                                                                       $1,094                                 $1,028

a.Determine the amount of any goodwill impairment for Alomar's Sellers reporting unit.

b.After recognition of any goodwill impairment loss, what are the reported book values for the following assets of Alomar's reporting unit Sellers?

•Tangible assets, net.

•Goodwill.

•Patent.

•Customer list.

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