Refer to the situation described in E 11-25. Alliant prepares its financial statements according to IFRS, and

Question:

Refer to the situation described in E 11-25. Alliant prepares its according to IFRS, and Centerpoint is considered a cash-generating unit. Assume that Centerpoint's fair value of $220 million approximates fair value less costs to sell and that the present value of Centerpoint's estimated future cash flows is $225 million.

Required:
Determine the amount of impairment loss Alliant should recognize.

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