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accountig help 1 answer below ยป BE11-10: Impairment; property, plant, and equipment LO11’8 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, $26.5 million; fair value of division’s
assets, $21 million; sum of estimated future cash flows generated from the division’s assets, $28 million. What amount of impairment loss should C&R
recognize? Dec 11 2013 12:09 AM

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