At 30 June 20X6 Oak Ltd had machinery with a carrying amount of $190,000. Depreciation expense for the machinery was $19,000 per annum. At that date Oak Ltd calculated the recoverable amount of the machinery to be $150,000 and an adjustment was processed to account for the impairment loss. After the impairment loss had been recognised the depreciation expense for the machinery was $23,000 per annum. On 30 June 20X8, the economy had improved and Oak Ltd suspected that the machinery was no longer impaired. After undertaking tests, it was determined that the recoverable amount of the machinery was now $53,000 higher than the carrying amount at 30 June 20X8.

Required:

Write in the box below the amount of the impairment loss that is able to be reversed by Oak Ltd at 30 June 20X8, in accordance with the requirements of AASB 136: Impairment of Assets. Do not include any spaces, commas, dollar signs or decimals in your answer.

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