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Business, 21.09.2019 05:10 tbggheemoney

In 2014, alliant corp acquired centerpoint inc. for $300 million, of which $50 million was allocated to goodwill. at the end of 2016, management has provided the following information for a required goodwill impairment test: fair value of centerpoint, inc. $220 millionfair value of centerpoint's net assets (excluding goodwill) $200 millionbook value of centerpoint's net assets (including goodill) $250 millionrequired: 1. determine the amount of the impairment loss2. repeat repairment 1 assuming that the fair value of centerpoint is $270 million***consider ifrspart tworefer to the situation described above, requirement 1. alliant prepares its financial statements according to ifrs, and centerpoint is considered a cash0generating unit. assume that centerpoints fair value of $220 million approximates fair value less costs to sell and that the present calue of centerpoint's estimated future cash flows is $225 million. requireddetermine the amountof goodwill impairment loss alliant should recognize.

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In 2014, alliant corp acquired centerpoint inc. for $300 million, of which $50 million was allocated...
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