Parent Company purchased Sub Company for $500 million at a time when the fair value of Subs net identifiable assets were $400 million. Sub continued to operate as a separate company. At the end of the next year, Parent did a goodwill impairment test revealing the following:

Book Value of Sub's net assets,
including goodwill	$440
Sub's fair value	$350
Fair value of Sub's net identifiable assets,
excluding goodwill	$325

Record impairment loss if necessary