• Coca-Cola Company acquired 85% of Honest Tea Inc.'s outstanding shares on January 1, 20X1, for $1.2 billion. Honest Tea Inc. owns a manufacturing facility with a carrying amount of $300 million and an estimated fair value of $250 million on the acquisition date. Determine if an impairment loss on the manufacturing facility exists for Coca-Cola Company related to its acquisition of Honest Tea Inc.