BuildInnovate invested in a production plant for $900,000, with an estimated residual value of $60,000 and an estimated life of six years. The company uses the straight-line depreciation method. The expected net cash inflows from the plant are $250,000 on 31 March 20X3, $200,000 on 31 March 20X4, and $190,000 on 31 March 20X5. The values of $1 at the end of each year are 0.92 for year 1, 0.85 for year 2, and 0.78 for year 3. Required: Calculate the impairment loss and update the asset register and depreciation schedule.