Required information [The following information applies to the questions displayed below.] In 2019,...
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[The following information applies to the questions displayed below.] In 2019, Alliant Corporation acquired Centerpoint Inc. for $339 million, of which $59 million was allocated to goodwill. At the end of 2021, management has provided the following information for a required goodwill impairment test:
Fair value of Centerpoint Inc. | $ | 247 | million |
Book value of Centerpoints net assets (excluding goodwill) | 221 | million | |
Book value of Centerpoints net assets (including goodwill) | 280 | million | |
2. Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $306 million. (Enter your answer in millions (i.e., 10,000,000 should be entered as 10)).
Impairment Loss : _______
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