A Company Reports $11 What Is the Amount of Goodwill Impairment Loss for 2020

Multiple Choice

A company reports $11.2 million in goodwill and decides to quantitatively test it for impairment at the end of 2020. The following information is collected:
$$\begin{array} { | l | r | r | r | } \hline & { \text { Division 1 } } & { \text { Division 2 } } & { \text { Division 3 } } \\\hline \text { Book value of goodwill } & \$ 7,000,000 & \$ 200,000 & \$ 4,000,000 \\\hline \text { Fair value of division } & 40,000,000 & 6,000,000 & 20,000,000 \\\hline \text { Book value of division } & 45,000,000 & 6,500,000 & 21,000,000 \\\hline\end{array}$$ What is the amount of goodwill impairment loss for 2020, following U.S. GAAP?

A) $ 6,200,000
B) $11,200,000
C) $ 6,500,000
D) $ 6,000,000