On January 1, 2015, Edmondton Inc. purchased equipment with a cost of 4,500,000, a useful life of 12 years and no salvage value. The Company uses straight-line depreciation. At December 31, 2015, the company determines that impairment indicators are present. The fair value less cost to sell the asset is estimated to be 3,850,000. The assets value-in-use is estimated to be 3,500,000. There is no change in the assets useful life or salvage value.

calculate the amount if impairment loss.