Question: I need help please ezto Chapter 11 HW E connect ACCOUNTING Chapter 11 HW Question 19 (of 21) 19. 10.00 points In 2014, Alliant Corporation
ezto Chapter 11 HW E connect ACCOUNTING Chapter 11 HW Question 19 (of 21) 19. 10.00 points In 2014, Alliant Corporation acquired Centerpoint Inc. for $390 million, of which $80 million was allocated to goodwiLL At the end of 2016, management has provided the following information for a required goodwill mpairment test Fair value of Centerpoint, Inc. Fair value of Centerpoint's net assets (excluding goodwi) Book value of Centerpoint's net assets (including goodwil) $306 milion 270 milion 330 milion Required 1. Determine the amount of the impairment loss. ( Enter your answer in milions (Le, 10,000,000 should be entered as 10)) 24 million 2. Detemine the amount of the impairment loss assuming that the fair value of Centerpoint is $366 million. Enter your answer in millions (ie, 10,000,000 should be entered as 10))
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