A batch of garden furniture purchased for 26,000 by the retailer Jardiflor was carried in the statement of financial position at the end of 20X1 at 20,000, after a write-down caused by a rainy summer. One year later, the batch has not been sold, but strong seasonal demand makes it possible to estimate its net realisable value at 31,000. What amounts does Jardiflor retain for the reversal and for the carrying amount of the batch at the end of 20X2?
- Cost of purchase of the batch
- 26,000
- Carrying amount at the end of 20X1
- 20,000
- Estimated net realisable value at the end of 20X2
- 31,000