On 1/1/2016, ABC company purchased equipment costing $80,000, the equipment has 10 years useful life with no residual value. The company depreciates its equipment based on the Straight-line method. On 31/12/2019, and based on internal and external indicators, the company conducted an impairment test at this date. It has been found that the fair value of the equipment is $42,400 (which is the same as the selling price), and the selling costs that will be incurred to sell the equipment are $2700. The expected cash flows (undiscounted) from the use of equipment is estimated at $42,000. However, the discounted cash flows expected to arise from the use of the equipment is $40,300. Calculate the impairment loss that will be recorded on 31/12/2018 assuming that the company adopts IFRS (IAS36)