On 1 January 20X0 Langer Ltd Bought 80% of Slater

Multiple Choice

On 1 January 20X0 Langer Ltd bought 80% of Slater Ltd by paying $2 000 000 cash and issuing 100 000 ordinary Langer Ltd shares with a fair value of $5.50 per share.The fair value of net assets of Slater Ltd at that date was $2 500 000.The control date fair value of the ownership interests of non-controlling shareholders was $650 000.On 1 January 20X3 Langer Ltd bought the remaining 20% of Slater Ltd on the share market for a total of $1 000 000 cash.The fair value of Slater Ltd's net assets at that date was $4 000 000.
-On 31 December 20X4 it was determined that goodwill (measured using the partial method) was impaired by an amount of $400 000.What is the carrying amount of goodwill in the consolidated balance sheet at the 31 December 20X4 reporting date?

A) $215 000
B) $350 000
C) $400 000
D) $150 000