In Performing the Impairment Test for Goodwill, the Company Had

Multiple Choice

In performing the impairment test for goodwill, the company had the following 2016 and 2017 information available.
$\begin{array}{lll}&2016&2017\\\text { Fair value of the reporting unit } & \$ 350,000 & \$ 400,000 \\\text { Net book value (including } \$ 50,000 \text { goodwill) } & \$ 360,000 & \$ 380,000\end{array}$
Assume that the carrying value of the identifiable assets are a reasonable approximation of their fair values.Based upon this information what are the 2016 and 2017 adjustment to goodwill, if any
$\quad$$\quad$ 2016 $\quad$$\quad$ $\quad$$\quad$ 2017

A) no adjustment $\quad$ $20,000 decrease
B) $10,000 increase $\quad$ $20,000 decrease
C) $10,000 decrease $\quad$ $20,000 decrease
D) $10,000 decrease $\quad$ no adjustment