Horlogerie Vasselin holds a batch of watches from a past collection, with a cost of 18,000. Their estimated selling price in the ordinary course of business is 17,000, and the estimated costs necessary to make the sale (resellers' commissions) amount to 1,500. Calculate the net realisable value of the batch and the amount of the write-down.
- Cost of the batch
- 18,000
- Estimated selling price
- 17,000
- Estimated costs necessary to make the sale
- 1,500