Northwest Catering Owns and Operates Several Restaurant Services in Oregon $\$ 4.5$

Northwest Catering owns and operates several restaurant services in Oregon, Washington, and Idaho. 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: Book value                                     $\$ 4.5$ million
estimated total future cash flows       $5.0$ million
Fair value                                               $3.5$ million
Determine the amount of the impairment loss, if any.