Presented below is information related to equipment owned by AL-Salam Healthy Life Food Company at December 31, 2019.

Cost $4,500,000

Accumulated depreciation 1,900,000

Expected future net cash flows 2,200,000

Fair value 2,080,000

Assume AL-Salam intends to continue to use this equipment in the future.

The amount of impairment loss is

Select one:

a. $ 400,000

b. $ 0

c. $ 120,000

d. $ 520,000