USA Goodwill Impairment Testing for Newly Formed Company

Jan 5, 2017
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United States
The facts are:.
-GAAP accounting
-Company B purchased Company A through an asset acquisition.
-Purchase price was $100k less FV of assets of $60k, leaving $40k as goodwill on Company B's balance sheet. .
-Once acquired, Company A's assets that were transferred over were mixed in with the assets of Company B (i.e. inventory, cash etc.)
-In addition, Company A's name was dissolved and was not tracked as a reporting unit.
-Therefore, it is difficult to assign a fair value since the assets of Company A were comingled into Company B's operations and the name was dissolved.
-As such, Company A is not a distinguishable reporting unit of Company B so it is difficult to assign a fair value
How would I test the goodwill for impairment in this situation?


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