The Red Company owns 30% of the equity of the Green Company and applies the equity method to account for the investment. The carrying amount of the investment is 2 million. There is objective evidence that a loss event has occurred related to this investment, and the loss event has affected the estimate future cash flows of the net investment in the associate. At the balance sheet date, the fair value of the investment is 1.5 million, the costs to dispose of the investment are 0.1 million, and the value in use is 1.7 million. What amount of impairment loss should the Red Company recognize on its investment in the Green Company?

0.5 million

0.1 million

0.6 million

0.3 millio