One of MIME IMMITATE Co.'s machines has been impaired. Repairs and maintenance costs on the machine have been increasing over the past years making the machine a bottleneck in MIME's production. At year-end, management made a decision to sell the machine as soon as a pending application for a loan is approved and a replacement machine is acquired. Information on the machine is shown below: Carrying amount P400,000 Fair value less costs of disposal 200,000 Value in use How much is the impairment loss? 240,000