11. General Products Company bought Special Products Divisio…
11. General Products Company bought Special Products Division in 2025 and recorded $750,000 of goodwill related to the purchase. On December 31, 2026, the fair value of the Special Products Division is $6,000,000 and it is carried on General Product’s books for a total of $5,100,000, including the goodwill. What goodwill impairment should be recognized by General Products in 2026?