A mining company has to remove and dismantle its extraction equipment when it as reached the end of its useful life. The company has included an amount in non-current assets for such costs and is depreciating this over the life of the asset. An impairment review is taking place and the company has established the following: 1. The carrying amount of the extraction equipment in the statement of financial position is $6 000 000. II. An offer has been made for the equipment of $3 000 000 (including taking over responsibility for its removal at the end of its life). III. The present value of the estimated cash flows from the asset's continued use is $6 600 000. IV. The carrying amount of the provision for dismantling the equipment is $1 000 000. What is the impairment loss, if any? O NIL $400 000 $600 000 $3 000 000