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question 2

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Definitions:

Goodwill

An intangible asset that represents the excess value paid for a company over its net identifiable assets, often arising from brand, reputation, or customer relationships.

Carrying Amount

The book value of an asset or liability, calculated as its original cost adjusted for factors such as depreciation or amortization.

Net Identifiable Assets

The aggregate of a company's assets minus its liabilities, exclusive of goodwill and other intangible assets.

Loss on Disposal

The financial loss that occurs when the selling price of an asset is less than its carrying amount at the time of disposal.