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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, $29.1 million; fair value of division's assets, $22.3 million; undiscounted sum of estimated future cash flows generated from the division's assets, $25.3 million. What amount of impairment loss should C\&R report in its income statement? Note: Enter your answer in millions rounded to 1 decimal place (i.e., 3,300,000 should be entered as 3.3 ). WebHelper Incorporated acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $46.4 million, of which $17.8 million was allocated to goodwill. At the end of the current fiscal year, an impairment test revealed the following: fair value of SCC, $42.8 million; book value of SCC's net assets (including goodwill), $46.2 million. What amount of impairment loss should WebHelper report in its income statement? Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5)