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help Avantis Seafoods Co, a company renowned for its specialty seafood stores, recently observed a downturn in prohits at four of its outlets. This decline

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Avantis Seafoods Co, a company renowned for its specialty seafood stores, recently observed a downturn in prohits at four of its outlets. This decline has been attributed to an oversaturated market in these areas. Consequently, the management team initioted an evoluntion to defermine if therols. a need to recognize impoirment on the assets of these affected stores: The following data was complied: Projected undiscounted cash flows from these assets are estimated to be $16.5 million. Current market assessments place the fair value of these assets at $14.9 milition. The recordod book value of these assets stands of $17.5 million. Required: Assess and calculate the impairment loss, if any, that Atlantis Seafoods Co. must recognize for these assets. Note: Enter your answer in millions rounded to 1 decimal place (1.e, 5,500,000 should be entered as 5,5)

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