Assume a U.S. company decides to quantitatively test its goodwill for impairment. A division's book value exceeds its fair value by $8 million, and its goodwill has a book value of $6 million. The division's goodwill impairment loss is

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The division's goodwill impairment loss is $6 million because the impairment loss is limited to the carrying amount of the goodwill. Since the fair value of the division is less than its book value by $8 million, and the goodwill amount is $6 million, the entire goodwill amount is considered impaired.