Deluxe Corp. has four international divisions. One of them, RohrSchockt Inc., was acquired on January 1, 2018, for €744,000,000, and recorded goodwill of €85,000,000 as a result of that purchase. At December 31, 2018, RohrSchockt had value in use of €640,000,000 and a book value (including goodwill) of The total fair value of RohrSchockt was €654,000,000. What amount of loss on impairment of goodwill should Deluxe record in 2018 under IFRS?
A) €38,000,000
B) €66,000,000
C) €24,000,000
D) -0-
Correct Answer:
Verified
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