A machine was acquired on 1st Jan 2015 at a cost of K50000and has a useful economic life of 10 years. At 31st Dec 2019 an impairment review was performed. The fair value of the machine is k26000 and the selling costs are K2000. The expected future cash flow are K5000 per annum for the next 5 years. The current cost of capital is 10%. An annuity factor for the rate over this period is 3.791.

Required: Prepare an extract from the financial statement for the year ended 31 December 2019