A company has an equipment that originally costs $2,000,000, and it has a current carrying amount of $1,200,000. A decrease in the demand has caused the company to reassess the future cash flows from using the machine. The company now estimates that it will receive cash flows of $160,000 per year for 12 years. The company uses a 10% discount rate to compute the present value for this investment. Compute the amount of impairment, if any