On December 31, 2021, BTS Inc. identified that its intangible asset with a carrying amount of 2,400,000 has been impaired. In estimating the recoverable amount, BTS Inc. has determined that the FV less costs of disposal of the intangible asset is 1,600,000. BTS Inc. estimated that the future net cash flows expected to arise from the continuing use of the asset is 400,000 per year for the remaining useful life of 5 years. The estimate of future cash flows includes cash outflows for income taxes and financing activities totaling 40,000 per year. The equipment has a residual value of 80,000. The discount rate is 10%. How much is the impairment loss?