Agile Sprint Case Study

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Circumstances including declining cash flows and sustained decreases in the Sprint’s share price are indicative that it is necessary to carry out the test. . ASC requirements indicate that Sprint shall conduct the assessment on an annual basis. The fair value of the reporting unit, Nextel, is compared to the carrying amount, including the goodwill. In the instance of Nextel’s fair value exceeding zero and its carrying amount, impairment is nonexistent. Therefore, proceeding to the second step is unnecessary. However, if the carrying amount exceeds its fair value, the amount of the impairment loss will be calculated. In the calculation, the implied fair value is compared to the carrying amount of Sprint’s goodwill. Implied fair value is

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