## Answers

**Solution:**

Since the reasonable estimation of pritt division at the season of the impairment examination is $1,900,000 which is lower than the conveying estimation of $2,400,000, there is a impairment loss of $500,000.

Thus, a impairment loss of $500,000 should be accounted against Goodwill.

Account titles and explanation | Debit($) | Credit($) |

Impairment loss A/c Dr ($2,400,000-$1,900,000) | $500,000 | |

To Goodwill A/c | $500,000 | |

(To record patent amortization for 2014) |