Robin Ltd reported the following information in its statement of financial position at 30 June 2022.

Cash		$30,000
Inventories		$85,000
Plant		$325,000
Accumulated depreciation ---plant		-$75,000
Intangible assets		$150,000
Accumulated amortisation		-$50,000
Land		$150,000
Liabilities		$74,000
Net assets		$540,000

At 30 June 2022, Robin 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. Robin Ltd calculated the recoverable amount of the assets to be $490 000. The fair value of land less the cost of disposal is $120,000. (Robin Ltd can be treated as a cash-generating unit for impairment test purpose).

Required

Provide the journal entry for any impairment loss at 30 June 2022 with the detailed computation.