Refer to the situation described in E 11-30, requirement 1. Alliant prepares its financial statements according to

Question:

Refer to the situation described in E 11-30, requirement 1. 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.
In E11-30
In 2016, Alliant acquired Centerpoint, Inc. for $300 million, of which $50 million was allocated to . At the end of 2018, management has provided the following information for a required impairment test:
Fair value of Centerpoint, Inc. ................................................. $220 million
Fair value of Centerpoint's net assets (excluding ) ............... 200 million
Book value of Centerpoint's net assets (including ) .............. 250 million
Required:
Determine the amount of impairment loss Alliant should recognize.
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