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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
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, $26.0 million; fair value of division’s assets, $21.4 million; sum of estimated future cash flows generated from the division’s assets, $28.9 million. What amount of impairment loss should C&R recognize? (Leave no cell blank, enter "0" if required. Enter your answer in millions. Input all amounts as positive value. Omit the "$" sign in your response.)
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