GCA Ltd reported the following information in its statement of financial position at 30 June 2020:

Plant$650,000

Accumulated depreciation - plant(150,000)

Intangible assets300,000

Accumulated amortisation(100,000)

Land300,000

Total non-current assets1,000,000

Cash50,000

Inventory180,000

Total current assets230,000

Total assets$1,230,000

Liabilities150,000

Net assets$1,080,000

At 30 June 2020, GCA Ltd analysed the internal and external sources of information that would indicate deterioration in the worth of its assets. It determined that there were indications of impairment. GCA Ltd calculated the recoverable amount of the assets to be $980,000.

Provide the journal entry for any impairment loss at 30 June 2020. Show all calculations.