El Dorado Foods Inc. owns a chain of specialty stores in the Pacific Northwest. Recently, four of the stores have experienced declining profits due to market saturation in the area. As a result, management gathered data about possible impairment of the assets of the stores. The information gathered was as follows: Book value: $17.20 million Fair value: $14.84 million Undiscounted sum of future cash flows: $16.20 million

Problem 11-169

Required: Determine the amount, if any, of the impairment loss that El Dorado must recognize on these assets.