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Black Ltd had a cash generating unit (CGU) with the following carrying amounts at 30 June 20X1.
$
Equipment 35,000
Accumulated Depreciation (15,000)
Patent 8,000
Inventory 1,000
Accounts Receivable 900
Goodwill 400
All of the Accounts Receivable were regarded as collectible, and the Inventory was measured according to AASB 102 Inventories. The Patent had a fair value less costs of disposal of $7783. At 30 June 20X1, Black Ltd undertook impairment testing in accordance with AASB 136, and determined the Recoverable Amount of the CGU to be $26722.
Required:
Question 1: Write in the box below the amount of any Impairment Loss that would be allocated to the Equipment at 30 June 20X1 in accordance with the requirements of AASB 136.
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