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WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $46.2...

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Accounting

WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $46.2 million, of which $17.4 million was allocated to goodwill. At the end of the current fiscal year, an impairment test revealed the following: fair value of SCC, $46.4 million; fair value of SCCs net assets (excluding goodwill), $42.7 million; book value of SCCs net assets (including goodwill), $45.6 million. What amount of impairment loss should WebHelper recognize?

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