Sumrall Corporation owns machinery that was purchased 20 years ago. The machinery, which originally cost $ 2,000,000, has been depreciated using the straight- line method using a 40- year useful life and no salvage value and has a current carrying amount of $ 1,000,000 and a current fair value of $ 800,000. Sumrall estimates that the machinery has a remaining useful life of 20 years and will provide net cash inflow of $ 45,000 per year. Sumrall should record an impairment loss associated with the machinery of:
a. $ 0 since there is no impairment.
b. $ 150,000
c. $ 100,000
d. $ 200,000