ed: Impairment of fixed asset asse... Saved Help ollison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear division. Management ecided to test the assets of the division for possible impairment. The test revealed the following: book value of division's assets 26.5 million; fair value net of selling costs of division's assets, $21 million; that the present value of estimated total net future cas ows generated from the division's assets, $28 million What amount of impairment loss, if any, should C&R recognize? (Enter your answer in millions rounded to 1 decimal place (i.e., _300,000 should be entered as 3.3)). impairment loss million