pter Help Save & Exit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 5 5 points 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, $29.3 million. What amount of impairment loss should C&R report in its income statement? Note: Enter your answers in whole dollars, and not in millions. Answer is complete but not entirely correct. $ Impairment loss 6,800,000 Return to question