Deluxe Corp

Deluxe Corp.has four international divisions.One of them,Pere Products,was acquired on January 1,2016,for £400,000,000,and recorded goodwill of £50,000,000 as a result of that purchase.At December 31,2016,Pere Products had a recoverable amount of £375,000,000.The total book value of Pere Products was £355,000,000 (including goodwill) .What amount of loss on impairment of goodwill should Deluxe record in 2016?

A) $45,000,000
B) $25,000,000
C) $20,000,000
D) -0-