In 2014, Alliant Corp acquired Centerpoint Inc. for $300 million, of which $50 million was allocated to goodwill. At the end of 2016, management has provided the following information for a required goodwill impairment test:

Fair Value of Centerpoint, Inc. $220 million

Fair Value of Centerpoint's net assets (excluding goodwill) $200 million

Book value of Centerpoint's net assets (including goodill) $250 million

Required:

1. Determine the amount of the impairment loss

2. REpeat repairment 1 assuming that the fair value of Centerpoint is $270 million

***Consider IFRS

Part two

Refer to the situation described above, requirement 1. Alliant prepares its financial statements according to IFRS, and Centerpoint is considered a cash0generating unit. Assume that Centerpoints fair value of $220 million approximates fair value less costs to sell and that the present calue of Centerpoint's estimated future cash flows is $225 million.

Required

Determine the amountof goodwill impairment loss Alliant should recognize.