Colison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear division...
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Colison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear division Management decided to test the assets of the division for possible impairment. The test revealed the following book value of division's assets, $293 million, fair value of division's assets. $22.4 million, undiscounted sum of estimated future cash flows generated from the division's assets, $25.4 million What amount of impairment loss should C&R recognize? (Enter your answer in millions rounded to 1 decimal place (...3,300,000 should be entered os 3.3).) Impairment loss milion
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