Question: On January 1 , 2 0 1 7 , ABC purchased DEF Industries for $ 1 5 0 million. At the time of purchase, DEF

On January 1,2017, ABC purchased DEF Industries for $150 million. At the time of purchase, DEFs book value was measured at $100 million. On December 31,2018, ABC recognized a $50 million impairment for the purchase. How would ABCs asset side of the balance sheet be impacted?

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