Innovative Inc. has a piece of equipment with a carrying amount of $$196,000.$ Technology has changed, indicating that the machine may be impaired. A new machine with updated technology could be purchased for $$364,000.$ A used machine of similar vintage is listed on$-$line for $$174,000.$ The estimated discounted cash flows from continuing to use the asset are $$162,000.$ The undiscounted cash flows from the use of the asset are $$194,000.$ The estimated value if the company sold the asset less commission costs is $$169,000.$

Required:

What is the recoverable amount?

$\backslash$table$[[$The recoverable amount is the,of fair value,. The recoverable amount$],[$and value in use,,is then compared$],[$to the carrying amount of the asset,,$]]$

What is the amount of impairment?