Determine the amount of the impairment loss enter your

Reference no: EM13613160

Impairment; goodwill [LO11-8] In 2011, Alliant Corporation acquired Centerpoint Inc. for $403 million, of which $63 million was allocated to goodwill. At the end of 2013, management has provided the following information for a required goodwill impairment test: Fair value of Centerpoint, Inc. $315 million Fair value of Centerpoint's net assets (excluding goodwill) 277 million Book value of Centerpoint's net assets (including goodwill) 340 million.

Required: 1. Determine the amount of the impairment loss. (Enter your answer in millions.) 2. Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $378 million. (Enter your answers in millions

Reference no: EM13613160

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