1. Determine the amount of the impairment loss.

2. Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $476 million.

Required information [The following information applies to the questions displayed below.] In 2019, Alliant Corporation acquired Centerpoint Inc. for $520 million, of which $90 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. Book value of Centerpoint's net assets (excluding goodwill) Book value of Centerpoint's net assets (including goodwill) $386 million 340 million 430 million