Business, 03.09.2019 18:20 erin93

Peter, inc. owns 100% of the rock company. the book value of the goodwill is $300,000. when peter made its investment, the rock had a fair value of $2,800,000. today, the value of the rock has fallen to $2,250,000. an appraisal of the rock's net assets reveals a fair value of $2,075,000. how much "impairment" should peter record related to its investment in the rock? $550,000$175,000$725,000$125,000$ 0, even though the fair value of the rock has fallen, goodwill is not yet impaired.

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Peter, inc. owns 100% of the rock company. the book value of the goodwill is $300,000. when peter ma...