(Solution) - In early 2011 Bowen Company acquired a new business unit -(2025 Original AI-Free Solution)

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In early 2011, Bowen Company acquired a new business unit in a merger. Allocation of the acquisition cost resulted in fair values assigned as follows:

Impairment reviews at the end of 2011 and 2012 did not identify any impairment losses. After the business suffered a downturn during 2013, the year-end impairment review yielded the following information:
1. Customer lists are estimated to have undiscounted future cash flows of $250,000 and discounted future cash flows of $180,000.
2. Developed technology is estimated to have undiscounted future cash flows of $500,000 and discounted future cash flows of $420,000.
3. The internet domain name is estimated to have undiscounted future cash flows of $1,000,000 and discounted future cash flows of $750,000. Qualitative assessment indicates that it is more likely than not that the internet domain name is impaired.
4. Because of the economic downturn, Bowen bypassed qualitative assessment of the business unit (Step 0). The acquired business unit has a fair value of $ 17,000,000, a carrying amount of $ 18,500,000, and the fair value of its identifiable net assets is $14,200,000.
Required
Determine Bowen's amortization expense and impairment write-offs for 2013.