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Determine the amount of the impairment loss

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Question: Refer to the situation described in E 11-25. Alliant prepares its financial statements according to the U.S. GAAP Assume that at the end of 2013, management has provided the following information: $220 million Fair value of Centerpoint Fair value of Centerpoint's net assets (excluding goodwill) Book value of Centerpoint's net assets (excluding goodwill) 200 million 250 million.

Required: 1. Determine the amount of the impairment loss.

Repeat requirement I assuming that the fair value of Centerpoint is $270 million.

Reference no: EM132753295

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