Spear Ltd reported the following information in its statement of financial position at 30 June 2015:

At 30 June 2015, Spear 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. Spear Ltd calculated the recoverable amount of the assets to be $981,000. Required Provide the journal entry for any impairment loss at 30 June 2015.

Plant	$ 648,000
Accumulated depreciation plant	(150,000)
Intangible assets	301,000
Accumulated amortisation	(100,000)
Land	299,000
Total non-current assets		998,000
Cash	50,000
Inventory	179,000
Total current assets		229,000
Total assets	$ 1,227,000
Liabilities	(151,000)
Net assets		$ 1,076,000