Braylon Corporation acquired Allen Products on January 1, 20…
Braylon Corporation acquired Allen Products on January 1, 2024 for $8,100,000, and recorded goodwill of $900,000 as a result of that purchase. At December 31, 2024, Allen Products had a fair value of $6,700,000. The net identifiable assets of Allen (including goodwill) had a carrying value of $7,250,000 at that time. What amount of goodwill will Braylon Corporation have on their balance sheet related to Allen Products after any impairment is recorded at December 31, 2024?
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