$1$

Required information

Exercise $11-31($Algo$)$ Impairment; goodwill $[$LO$11-8]$

$[$The following information applies to the questions displayed below$]$

In $2022,$ Alliant Corporation acquired Centerpoint Incorporated for $$436$ million, of which $$66$ million was allocated to goodwill. At the end of $2024,$ management has provided the following information for a required goodwill impairment test:

Fair value of Centerpoint Incorporated

Book value of Centerpoint's net assets $($excluding goodwill$)$Exercise $11-31($Algo$)$ Part $1$

Required:

Determine the amount of the impairment loss reported in the $2024$ income statement.

Note: Enter your answer in millions $($i$.$e$.,10,000,000$ should be entered as $10).$

Impairment loss

million