Sumrall corportation owns machinery that was purchased 20 years ago. The machinery which originally cost $2,000,000 has been depreciated using the straight line method using a 40 year useful life and no salvage value and has a current carrying amount of $1,000,000 and a current fair value of $800,000. Sumrall estimates that the machinery has a remaining useful life of 20 years and will provide net cash value of $45,000 per year. Sumrall should record an impairment loss associated with the machinery of

a) $0 since there is no impairment

b) $100,000

c) $200,000

d) 150,000