Question: 14 Southeast Services, Incorporated, operates several restaurant chains throughout the Southeast. One restaurant chain has experienced sharply declining profits. The company's management has decided to
14
Southeast Services, Incorporated, operates several restaurant chains throughout the Southeast. One restaurant chain has experienced sharply declining profits. The company's management has decided to test the operational assets of the restaurants for possible impairment. The relevant information for these assets is presented below. Determine the amount of the impairment loss, if any, assuming that the estimated total future cash flows are $10.8million and the value is $9.2 million. (Enter your answer in millions rounded to 1 decimal place (i.e.,5,500,000 should be entered as 5.5 ).)
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