Galerie Mobilis had acquired designer sofas at a cost of 30,000. At the end of 20X1, these sofas were reduced to their net realisable value, i.e. a carrying amount of 26,000. They are sold in February 20X2, revenue being recognised at that date (given). Record the derecognition of the sofas.
- Cost of purchase of the sofas
- 30,000
- Carrying amount after the write-down
- 26,000