-based in the above information what amount would be reported by Brighton as goodwill at...
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-based in the above information what amount would be reported by Brighton as goodwill at the end of 2018? -what amount would be reported by Brighton as agood will impairment loss in 2019?
On January 1, 2017, Brighton Company acquired the net assets of Dakota Company for $3,160,000 cash. The fair value of Dakota's identifiable net assets was $2,620,000 on this date. The information for the subsequent years were as shown in the below table. Fair Value Dakota's Identifiable Net Assets Year Fair Value of the Carrying Value of Reporting Unit Dakota's Identifiable (Dakota) Net Assets $2,800,000 $2.320,000 $2,800,000 $2.240,000 Identifiable net assets do not include goodwill. 2018 2019 $2,380,000 $2.420,000
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