A US Company Reports $11,600 in Goodwill and Decides to Quantitatively

Multiple Choice

A U.S. company reports $11,600 in goodwill and decides to quantitatively test it for impairment at the end of the year. The following information is collected:
$$\begin{array} { | l | r | r | r | } \hline & \text { Division 1 } & \text { Division 2 } & { \text { Division 3 } } \\\hline \text { Book value of goodwill } & \$ 5,000 & \$ 400 & \$ 6,200 \\\hline \text { Fair value of division } & 60,000 & 10,000 & 25,000 \\\hline \text { Book value of division } & 62,000 & 9,500 & 24,000 \\\hline\end{array}$$ What is the amount of goodwill impairment loss for the year, following U.S. GAAP?

A) $ 3,500
B) $ 3,400
C) $ 2,000
D) $ 5,000