ABC Ltd purchased equipment on 1 July 2021 for $90,000.

The estimated useful life of the equipment is 8 years, with an estimated

residual of $10,000. The entity’s reporting period ends on 30 June, and it uses

the straight-line method of depreciation. On 30 June 2022, the value in use was

estimated to be $75,000 and the fair value less costs to sell was $73,600. Based

on this data, the impairment loss to be recorded on 30 June 2022 is: