FoodCorp acquired a food processing facility on 1 January 20X0 for $2,000,000 with an estimated residual value of $200,000 and an estimated useful life of 20 years. The company applies the straight-line depreciation method. Due to changes in food safety regulations, the company now forecasts the following net cash inflows: $300,000 on 31 December 20X4, $250,000 on 31 December 20X5, $200,000 on 31 December 20X6, and $150,000 on 31 December 20X7. Using a discount rate of 7%, the present values of $1 at the end of each year are: 0.93, 0.87, 0.81, and 0.75. Required: Perform an impairment review, prepare the necessary journal entries, and discuss the financial implications as of 31 December 20X4.