A Merger on January 1, 2021 Generates Goodwill of $50,000,000

Multiple Choice

A merger on January 1, 2021 generates goodwill of $50,000,000, which is properly allocated to three divisions of the organization. At the end of 2021, the following information is available:
$$\begin{array} { | l | r | r | r | } \hline & { \text { Division 1 } } & { \text { Division 2 } } & { \text { Division 3 } } \\\hline \text { January 1, 2021 balance of goodwill } & \$ 30,000,000 & \$ 15,000,000 & \$ 5,000,000 \\\hline \text { Fair value of division } & 65,000,000 & 44,000,000 & 15,000,000 \\\hline \text { Book value of division } & 70,000,000 & 43,000,000 & 17,000,000 \\\hline\end{array}$$ Due to a downturn in the economy in 2021, it is more likely than not that goodwill is impaired in all three divisions. What is the amount of goodwill impairment loss for 2021, following U.S. GAAP?

A) $ 8,000,000
B) $ 5,000,000
C) $ 2,000,000
D) $ 7,000,000