At the reporting date, Cycles Arvelle holds electric bikes of a superseded model, with a cost of 96,000, an estimated selling price of 92,000 and estimated costs necessary to make the sale of 3,200. It also holds accessories unrelated to this model, with a cost of 40,000 and a net realisable value of 55,000. The finance director proposes recording nothing, as the unrealised gain on the accessories covers the loss on the bikes. Record the required entry.
- Bikes: cost
- 96,000
- Bikes: estimated selling price
- 92,000
- Bikes: estimated selling costs
- 3,200
- Accessories: cost
- 40,000
- Accessories: net realisable value
- 55,000