Mini Exercises (4 Goodwill – impairment)

Question 1 H acquired 60% of the 500,000 $1 shares in S for $470,000. At that date the S retained earnings were $200,000. Goodwill has been impaired by 40%. c) the directors valued the goodwill attributable to the nci at $15,000 -> Cost of Inv. 470,000 Value of Nci Inv. {(40% x 700,000) + 10,000} 295,000 FV of SNA @ DOA 700,000 G/W 65,000 Imp 40% 26000 G/W aftr imp. 39000 this is the way i hve done; in mini exercise answer, it has been done in another way. i am bit confused.