Question: WEEK 5 Chapter 11 Assignments value 10.00 points Collison and Ryder Company (C&R) has been experiencing dedlining market conditions for its sportswear division. Management decided

WEEK 5 Chapter 11 Assignments value 10.00 points Collison and Ryder Company (C&R) has been experiencing dedlining 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, $26.7 million, fair value of division's assets, $21.1 million; sum of estimated future cash flows generated from the division's assets, $28.1 million What amount of impairment loss should C&R recognize? (Enter your answer in whole dollars References eBook & Resources Worksheet Difficuity: 2 Medium Check my work t t; 0 wI FInal Paper.docx-wo oa

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