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On 1 July 2020, Niki Ltd purchased an equipment for $105,000 and depreciates the asset over 10 years. The estimated residual value is $10,000. On

On 1 July 2020, Niki Ltd purchased an equipment for $105,000 and depreciates the asset over 10 years. The estimated residual value is $10,000. On 30 June 2023, the management of Niki Ltd assessed the equipment as having a recoverable amount of $54,000. What should be the impairment loss (if any) recorded by Niki Ltd on 30 June 2023?

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