The following information was taken from the records of Impress Ltd as of December 31, 2020: Impress Ltd Records Cost Carrying value of a property $400,000 Selling price (fair value) of the $340,000 property Cost of disposing of the property $12,000 Expected future cash flows from $350,000 use Present value of expected future $330,000 cash flows from use Using IAS 36, calculate the recoverable amount for the property