In 2015 antle inc had acquired demski co and recorded, Ask an Expert

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In 2015, Antle Inc. had acquired Demski Co. and recorded goodwill of $285 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2016 year-end book value of $620 million. Antle assessed the fair value of Demski at this date to be $740 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $589 million. The amount of the impairment loss that Antle would record for goodwill at the end of 2016 is:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91736550

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