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Northwest Catering owns and operates several restaurant services in Oregon, Washington, and Idaho. One restaurant chain has experienced sharply declining profits. The company's management has
Northwest Catering owns and operates several restaurant services in Oregon, Washington, and Idaho. One restaurant chain has experienced sharply declining profits. The company's management has decided to test the operational assets for possible impairment. The relevant information for these assets is presented below Book value Estimated total future cash flows Fair value $4.0 million 5.7 million 3.3 million Determine the amount of the impairment loss, if any. (Enter your answer in milions.)
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