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Brief Exercise 11-21 (Algo) Impairment; goodwill [LO11-8] WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for 47.0 million, of which

Brief Exercise 11-21 (Algo) Impairment; goodwill [LO11-8] WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for 47.0 million, of which $19.0 million was allocated to goodwill. At the end of the current fiscal year, an Impairment test revealed the following: fair value of SCC, $50.0 million; book value of SCC's net assets (including goodwill), $48.0 million. What amount of Impairment loss should WebHelper recognize? (Enter your answers In millions (l.e., 10,000,000 should be entered as 10).) Answer is complete but not entirely correct. Impairment loss 2 million

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