At the year-end, Zee Company has an equipment with the following cost and accumulated depreciation:

Equipment 9,000,000

Accumulated Depreciation 3,000,000

Due to obsolescence and physical damage, the equipment is found to be impaired.

At year-end, the entity has determined the following information related to the equipment:

Fair value less cost of disposal 4,500,000

Value in use or discounted net cash inflows 4,000,000

Journal entry

What amount should be reported as impairment loss for the year?

(PLEASE PROPER FORMAT TO AVOID CONFUSION)