At the end of 20X1, Carrelia reduced a batch of ceramic tiles, with a cost of 50,000, to its net realisable value of 38,000. At the end of 20X2, the batch is still in inventory; the recovery of the construction market has pushed prices up and the revised net realisable value of the batch is 45,000. Compute the reversal of the write-down and the new carrying amount of the batch.
- Cost of the batch
- 50,000
- Carrying amount after the 20X1 write-down
- 38,000
- Revised net realisable value at the end of 20X2
- 45,000