E 11-31 Impairment; goodwill LO11-8 In 2022, Alliant Corporation acquired Centerpoint Inc. for $300 million, of which $50 million was allocated to goodwill. At the end of 2024, 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) Required: 1. Determine the amount of the impairment loss reported in the 2024 income statement. 2. Determine the amount of goodwill reported in the year-end 2024 balance sheet. 3. Repeat requirements 1 and 2, assuming that the fair value of Centerpoint is $270 million. $220 million 200 million 250 million Page 624

E 11-31 Impairment; goodwill GSLO11-8 In 2022, Alliant Corporation acquired Centerpoint Inc. for $300 million, of which $50 million was allocated to goodwill At the end of 2024, management has provided the following information for a required goodwill impairmentiest: Fair value of Centerpoint Inc. 5220 million Book value of Centerpoint's net assets (cxcluding goodwiti) 200 million Book value of Centerpoint's net assets (including soodwill) 250 miniog Required: 1. Determine the amount of the impairment loss reported in the 2024 income slatement 2. Determine the amount of goodwill reported in the yearend 2024 balinice shent 3. Repeat requirements 1 and 2, assuming that the fair value of Cenlerpoint is 5270 million