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In 2014, Alliant Corporation acquired Centerpoint Inc. for $313 million, of which $53 million was allocated to goodwill. At the end of 2016, management has
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In 2014, Alliant Corporation acquired Centerpoint Inc. for $313 million, of which $53 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. | $ | 229 | million |
| Fair value of Centerpoints net assets (excluding goodwill) | 207 | million | |
| Book value of Centerpoints net assets (including goodwill) | 260 | million
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| 1. | Determine the amount of the impairment loss.
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