Innovative Inc. has a piece of equipment with a carrying amount of $181,000. Technology has changed, indicating that the machine may be impaired. A new machine with updated technology could be purchased for $354,000. A used machine of similar vintage is listed on-line for $164,000. The estimated discounted cash flows from continuing to use the asset are $152,000. The undiscounted cash flows from the use of the asset are $184,000. The estimated value if the company sold the asset less commission costs is $159,000. Required: 1. What is the recoverable amount? 2. What is the amount of impairment