WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, ofwhich $15 million was allocated to goodwill. At the end of the current fiscal year, an impairment test revealedthe following: fair value of SCC, $40 million; fair value of SCC’s net assets (excluding goodwill), $31 million;book value of SCC’s net assets (including goodwill), $42 million. What amount of impairment loss should WebHelper recognize?

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