At 30 June 2017, there was an indication that Botany Ltd's machinery might be impaired. In preparing for the impairment testing, you have estimated, as at 30 June 2017, the piece of machinery's fair value less costs of disposal to be $345 000 and its value in use to be $354 000. The machinery had been purchased and installed on 1 October 2016 for $625 000 cash, with a residual value of $25 000 and useful life of 10 years. Botany Ltd uses the straight-line method of depreciation for this machinery. What would be the impairment loss recorded at 30 June 2017?