In January 2015, EAC was awarded a Business Valuation contract for a wholesale auto parts distributor located in Eastern Pennsylvania, with over 30 active warehouses. The purpose of the appraisal was to estimate the Fair Value of the business for Step 1 goodwill impairment testing, along with a sensitivity analysis, in accordance with Accounting Standard Codification topic 350. The appraisal was conducted and all reports were prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP).
‣ Industry: Automotive Part Supplier
‣ Standard of Value: Fair Value