A UK company which prepares its financial statements according to IFRS has experienced a decline in the demand for its products.

The following information relates to the companys printing equipment as of 31 December 2020.

	UK$
Carrying value of equipment (net book value)	540,000
Undiscounted expected future cash flows	550,000
Present value of expected future cash flows	450,000
Fair Value	500,000
Costs to sell	50,000
Value in use	460,000

The impairment loss (in UK$) is closest to:

Select one:

a. 70,000.

b. 80,000.

c. 0.

d. 60,000.