Dahle Corporation has equipment with a carrying value of $450,000 on December 31, year 4. The following information was available on December 31, year 4:
Expected net cash flows (undiscounted) $420,000
Expected net cash flows discounted at 7% $400,000
Fair value, using the assets with other assets $415,000
Fair value, assuming the assets are sold standalone $428,000
What is the impairment loss that Dahle must report in its year 4 income statement for this equipment?