Kerlune sells a distribution licence acquired for 240,000 and amortised by 150,000 at the date of sale. The agreed price is 80,000 and Kerlune pays 5,000 of broker fees to complete the sale. Calculate the carrying amount of the licence at the date of sale and the result on disposal.
- Acquisition cost of the licence
- 240,000
- Accumulated amortisation at the date of sale
- 150,000
- Agreed selling price
- 80,000
- Broker fees related to the sale
- 5,000