Canliss Mining uses the replacement method to determine depreciation on its office equipment. During 2016, its first year of operations, office equipment was purchased at a cost of $19,000. Useful life of the equipment averages four years and no salvage value is anticipated. In 2018, equipment costing $4,900 was sold for $500 and replaced with new equipment costing $8,100. Canliss would record 2018 depreciation of

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In 2017, Antle Inc. had acquired Demski Co. and recorded goodwill of $315 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2018 year-end book value of $650 million. Antle assessed the fair value of Demski at this date to be $770 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $709 million. The amount of the impairment loss that Antle would record for goodwill at the end of 2018 is: