Presented below is information related to equipment owned by Sanabel Co. at December 31, 2018. Cost $4,500,000 600,000 Accumulated depreciation to date Expected future net cash flows Fair value 3,500,000 2,700,000 4 years Remaining useful life Salvage value 100,000 Cost of disposal 30,000 Assuming the equipment is held for use. The impairment loss on December 31, 2018 will amount to a. $0 b. $1,200,000 c. $1,170,000 d. $1,230,000