Vegetarian delights has been experiencing declining market conditions for its specialty foods division. management decided to test the operational assets of the division for possible impairment. the test revealed the following: book value of the division's assets, $33.00 million; fair value of the division's assets, $29 million; sum of estimated future cash flows generated from the division's assets, $37 million. what amount of impairment loss should vegetarian delights record?

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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