ABC Company purchased XYZ Company for $100 million in 2020. The fair value of XYZ's identifiable assets and liabilities at the acquisition date was $80 million. ABC Company has been amortizing goodwill over a 10-year period. At the end of 2023, the recoverable amount of XYZ's reporting unit is estimated to be $75 million.

Is ABC Company required to recognize an impairment loss on goodwill? If so, calculate the amount of impairment loss.