Revisit the information in Part A that illustrates the reporting unit valuation procedure. Assume that by fiscal year-end, December 31, 2015, events occur that suggest goodwill could be impaired. You...

Revisit the information in Part A that illustrates the reporting unit valuation procedure. Assume that by fiscal year-end, December 31, 2015, events occur that suggest goodwill could be impaired. You have the following information. These new estimates are made at the end of the first year:

Has goodwill been impaired? Perform the impairment testing procedure. If goodwill has been impaired, calculate the adjustment to goodwill and make the needed entry.