Fair Value Estimation

Albers Company acquires an 80% interest in Barker Company on January 1, 2011, for $850,000. The following determination and distribution schedule is prepared at the time of purchase:
Company implied fair value Parent price(80%) NCI value (20%)
fair value of subsidiary $1,062,500 $850,000 $212,500
less book value of interest acquired
total equity $600,000 $600,000 $600,000
interest acquired 80% 20%
book value $480,000 $120,000
excess of fair value or book value $462,500 $370,000 $92,500
Adjustments of identifiable accounts:
Adjustment Amortization per year Life Worksheet key
bulidings $200,000 $10,000 20 debit D1
goodwill 262,500 debit D2
total $462,500
Albers uses the simple equity method for its investment in Barker. As of December 31,2015, Barker has earned $200,000 since it was purchased by Albers. Barker pays no dividends during 2011-2015.
On December 31,2015, the following values are available:
Fair value of Barker's identifiable net assets (100%) $900,000
Estimated fair value of Barker company (net of liabilities) 1,000,000
Determine if goodwill is impaired. If not explain your reasoning. If so calculate the loss on impairment.