After every reasonable effort, Grytore cannot determine any effect of its new policy for the comparative period; the earliest practicable period is the current period, which began on 1 January 2025. At that date, the assets concerned are worth 412,000 under the new policy and 380,000 under the old one (tax effect ignored). What adjustment should be made to 2025 opening equity?
- Carrying amount under the new policy
- 412,000
- Carrying amount under the old policy
- 380,000