An item of equipment has a cost of 80,000. At the reporting date, accumulated depreciation amounts to 30,000 and accumulated impairment losses to 5,000. Its residual value is estimated at 8,000. Calculate its carrying amount at the reporting date and its depreciable amount.
- Cost
- 80,000
- Accumulated depreciation
- 30,000
- Accumulated impairment losses
- 5,000
- Estimated residual value
- 8,000