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Alliant prepares its financial statements according to ifrs

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Refer to the situation described in E 11-25. Alliant prepares its financial statements according to IFRS, and Centerpoint is considered a cash-generating unit. Assume that Centerpoint's fair value of $220 million approximates fair value less costs to sell and that the present value of Centerpoint's estimated future cash flows is $225 million.

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Determine the amount of goodwill impairment loss Alliant should recognize.

Reference no: EM13997487

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