2. Lichen Ltd owns a machine that has a carrying amount of 90,000 at the year end of 31 March 20X9. Its market value is 82,000 and costs of disposal are estimated at 2,300 . A new machine would cost 140,000 . Lichen Ltd expects it to produce net cash flows of 30,000 per annum for the next three years. The cost of capital of Lichen Ltd is 8%.

Requested: What is the impairment loss on the machine to be recognised in the financial statements at 31 March 20X9?