On January 1,Year1, Company purchased equipment for $600,000. Company has taken an accumulated total of $152,000 of depreciation on the machine through Year4. Because of technological changes in the industry, Company is concerned that the value of the asset has permanently declined. On December 31, Year4 (after the depreciation adjustment had already been recorded), Company collected the following information concerning the asset:

Total net cash flows estimated to be produced by the asset during its remaining life	$380,000
Present value of the future cash flows estimated to be produced by the asset during its remaining life	$320,000
Fair market value of the equipment (a market exists for used machines)	$400,000
Cost of new asset with updated technology	$700,000

Which number from the chart above does Company use to do the initial test for impairment (the recovery test)? (Give me the $ amount, not the name.)

Calculate the amount of any impairment loss Company would record on December 31, Year4.