An asset has a carrying amount of R280 000 and is expected to yield cash flows of R106 480 per annum for the next three years. The asset's fair value less costs of disposal is R260 000.

If all cash flows occur at the end of the year concerned and that the appropriate discount rate is 10%, what is the impairment loss?

Answer:  R 

Note: Enter only the amount (do not show your calculation, and do not make use of spaces, full-stops, commas or R-signs). Example: 74000

(2 Marks)