Required information
Exercise Algo Impairment; goodwill L
The following information applies to the questions displayed below.
In Alliant Corporation acquired Centerpoint Incorporated for $ million, of which $ million was allocated to goodwill. At the end of 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 $ million
Book value of Centerpoint's net assets including goodwill million
Exercise Algo Part &
Determine the amount of goodwill reported in the yearend balance sheet.
Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $ million.
Note: For all requirements, enter your answer in millions ie should be entered as
table Goodwill,,million Impairment loss,,million
