Business, 16.06.2021 02:00, ryleepretty

Freeman Co. acquired another business and paid (among other amounts) $64,800 for its goodwill in 2018. On December 31, 2020, the net book value of the business is $792,000 and the fair value of the business is $765,000. Determine the amount of goodwill impairment (if any) on December 31, 2020. Assume no impairment losses were recognized on goodwill in prior periods.

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Freeman Co. acquired another business and paid (among other amounts) $64,800 for its goodwill in 201...