Sheetz Company is purchased by Pulsar Corporation, at an acquisition cost that is $25,000,000 greater than the fair value of the identifiable net assets acquired. One of the assets acquired is a building, originally valued at $15,000,000 at the date of the purchase. Six months after the acquisition, it is discovered that the building was actually worth $7,000,000 at the date of acquisition. What entry is made to reflect this new information? Select one:

A. Dr. goodwill; Cr. building for $8,000,000

B. Dr. loss on building; Cr. building for $8,000,000

C. Dr. retained earnings; Cr. building for $8,000,000

D. no entry is made