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Required information (The following information applies to the questions displayed below.) In 2019, Alliant Corporation acquired Centerpoint Inc. for $380 million, of which $60 million
Required information (The following information applies to the questions displayed below.) In 2019, Alliant Corporation acquired Centerpoint Inc. for $380 million, of which $60 million was allocated to goodwill. At the end of 2021, 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 goodvill) Book value of Centerpoint's net assets (including goodw111) $ 294 million 260 million 320 million Required: 1. Determine the amount of the impairment loss. (Enter your answer in millions (l.e., 10,000,000 should be entered as 10)). Impairment loss million Required information [The following information applies to the questions displayed below.) In 2019, Alliant Corporation acquired Centerpoint Inc. for $380 million, of which $60 million was allocated to goodwill. At the end of 2021, management has provided the following information for a required goodwill impairment test: Fair value of Centerpoint Inc. Book value of Centerpoint's net asbeto (excluding goodw111) Book value of Centerpoint's net asseto (including goodwill) $294 million 260 million 320 million 2. Determine the amount of the impairment loss assuming that the fair millions (ie.. 10,000,000 should be entered as 10)). of Centerpoint is $354 million (Enter your answer in Impairment loss million
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