medium · Financial Accounting assets
For the year ended December 31, 2025, a reporting unit of Orion Corp. has a carrying value of $4,500,000, including goodwill of $800,000. The fair value of the reporting unit is estimated at $3,900,000.
Under ASC 350, what is the required goodwill impairment loss?
- $800,000
- $600,000
- $0
- $1,100,000
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