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Collison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear division...

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Accounting

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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, $271 million; fair value of division's assets, $213 million undiscounted sum of estimated future cash flows generated from the division's assets, $28.3 million What amount of impairment loss should C&R recognize? (Enter your answer in whole dollars.)

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