As a result of its annual assessment of property, plant and equipment for indications of impairment, Zenon inc. determines the following data about a piece of equipment: with a cost of $70,000 and accumulated depreciation of $15,000. The asset's Value in Use is $39,000. The Fair Value less cost of disposal of $1,000 is $44,000. Required: Calculate the impairment loss. Show all your calculations