Exercise $7-20($Algo$)$ Calculate impairment loss $($LO$7-8)$

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Southwest Services, Incorporated, operates several restaurant chains throughout the Southwest. One restaurant chain has experienced sharply declining profits. The company$$s management has decided to test the operational assets of the restaurants for possible impairment. The relevant information for these assets is presented below.

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Book value$ $7\mathrm{.}8$millionEstimated total future cash flows$6\mathrm{.}2$millionFair value$5\mathrm{.}0$million

Exercise $7-20($Algo$)$ Part $2$

$2.$ Determine the amount of the impairment loss, if any, assuming that the estimated total future cash flows are $$9\mathrm{.}0$ million and the fair value is $$7\mathrm{.}2$ million. $($Enter your answer in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).)$