Amanda Ltd (Amanda) is testing an asset for impairment. The carrying amount of the asset is $170,000. The following data has been obtained by Amanda in relation to the asset: future cash flows expected to be derived from the asset-$200 000 estimated fair value of the asset- $160000 present value of future cash flows expected to be derived from the asset-$120 000 costs of disposal of the asset-$4000 In accordance with IAS 36 Impairment of Assets, which one of the following is the recoverable amount of the asset?