Using the information in PE 9-19, determine the amount of impairment and record the impairment loss.

Data from PE 9-19

Buyun Company purchased a building 14 years ago for $830,000. Th e building has accumulated depreciation of $581,000 and a fair value of $175,000. Buyun expects the building will generate a net cash inflow of $30,000 per year for the next seven years. From an accounting point of view, determine whether the building is impaired.