In 2011 alliant corporation acquired centerpoint inc for

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Reference no: EM13574680

In 2011, Alliant Corporation acquired Centerpoint Inc. for $300 million, of which $50 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.	$	220	million
Fair value of Centerpoint's net assets (excluding goodwill)		200	million
Book value of Centerpoint's net assets (including goodwill)		250	million

Required:

1.	Determine the amount of the impairment loss.(Enter your answer in millions.)

Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $270 million.

Because the		value of the reporting unit,		million, exceeds		value,
	million, there		impairment loss.

Reference no: EM13574680

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