2. Seven years ago, AXEL Inc., purchased a machine for $110,000, which had an estimated useful life of 11 years and no residual value. The company depreciates the machine on a straight-line basis. It currently has a remaining useful life of 4 years. The current fair value of the crane is $35,000. Company management estimates that the machine will generate future cash flows of $9,000 per year for the remaining useful life of the asset. The company determined that the asset is impaired.

The amount of the impairment loss to be recognized is?