Apollo Company, a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative
assessment, one particular reporting unit, Stande, emerged as a candidate for possible goodwill impairment. Stande had recognized
net assets with carrying amounts totaling $ including goodwill of $ Stande's reporting unit fair value is assessed at $
and includes two internally developed unrecognized intangible assets a patent and a royalty agreement with fair values of $ and
$ respectively The following table summarizes current financial information for the Stande reporting unit:
Required:
a Determine the amount of any goodwill impairment for Apollo's Stande reporting unit.
b After recognition of any goodwill impairment loss, what are the reported carrying amounts for the following assets of Apollo's
reporting unit Stande?
