In June 2015, EAC was awarded a Business Valuation contract for a distributor of high quality delicacies. The purpose of the appraisal was to estimate the Fair Market Value of the business and select intangible assets for Step 1 impairment testing, and perform the impairment test, 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: Delicacy Food Supplier
‣ Standard of Value: Fair Market Value