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Brief Exercise 11-18 (Algo) Impairment; property, plant, and equipment (LO11-8] Collison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear

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Brief Exercise 11-18 (Algo) Impairment; property, plant, and equipment (LO11-8] Collison 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, $28.3 million; fair value of division's assets, $21.9 million; undiscounted sum of estimated future cash flows generated from the division's assets, $24.9 million. What amount of impairment loss should C&R recognize? (Enter your answer in millions rounded to 1 decimal place (i.e., 3,300,000 should be entered as 3.3).) ces Impairment loss million

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