B. Bluemoon LLC uses machinery in the manufacturing of sleeping matters and pillows. In the month of June 2017 Sleepfine LLC a competitor, launched its own range of sleeping matters and pillows product in the market. The products launched by Sleepfine LLC was much more advance .and have medicated features. The new company also sold its products at discounted prices Due to this new competition and their products, Bluemoon LLC estimates that their sales will drop for the next four years. The following are the details of Bluemoon LLC machinery ... The carrying value of the machinery at the date of calculation is OMR 70,000 ii. The machinery is currently depreciated on a straight-line basis at a rate of 10 % and has a remaining life of 6 years iii. The value of the machinery on the second-hand market is OMR24,000. The cost to dispose of the machinery is expected to be OMR6,000 iv. The discounted net cash inflows from the machinery over the asset remaining .useful life including disposal proceeds has been estimated at OMR 9,700 V. The current scrap value of the asset has estimated at OMR1,200 Required: considering the IAS 36, find impairment loss of the machinery from given information