1. Kelly Corporation acquires all of the assets and liabilities of Lawson Co. at an acquisition cost that is $50 million above the fair value of identifiable net assets acquired. Three months after the acquisition, it is determined that because of a downturn in the economy after the acquisition, acquired brand names with indefinite lives are worth $5,000,000 less than originally estimated. The entry to reflect this new information includes:

   	A.	A credit to goodwill of $5,000,000
   	B.	A debit to identifiable intangibles of $5,000,000
   	C.	A loss of $5,000,000, reported in income
   	D.	A gain of $5,000,000, reported in income