Beston Ltd purchased a new item of equipment from a Japanese manufacturer costing $225,000 on 1 July 2017. Beston Ltd also incurred the following cost in relation to the purchase of the equipment during the financial year ending 30 June 2018:

• $15,600 on import duties and taxes
• $7,400 on transportation to Beston Ltd.s factory
• $18,000 on installation cost of equipment
• $2,000 on painting the equipment navy colour

The equipment is carried at cost and has 10 years of useful life and $36,000 residual value.

1. On 30 June 2021, the accountant provided the following valuations for the equipment:

Value in use of the equipment	$159,000
Net selling price	$134,000

As per AASB 136: Impairment of assets, determine the amount (if any) of impairment loss to be recognized at 30 June 2021 by Beston. (Show all workings supporting your answer.