Spring Ltd purchased an item of equipment on $1$ July $20$X$4$ for $$1\mathrm{.}000,000.$ At that time theuseful life of the equipment was assessed to be $10$ years, with no residual value. Spring appliesthe cost model to its equipment On $30$ june $20$X$6$ the recoverable amount of the equipmentwas assessed to be $$810\mathrm{.}000.$

These circumstances give rise to$,$

An impairment loss $($oCl$)$

OAn impairment gain $($OCl$)$

An impairment loss $($P$/$L$)$

OThe asset's carrying amount is correct and no adjustment is necessary.