A forklift of Taulbine, brought into use on 1 January 2022 for 240,000 and expected to last 8 years (straight-line, no residual value), wears out faster than expected: at 1 January 2025, only 3 years of use remain. What is its carrying amount at that date and what depreciation should be recognised for 2025?
- Acquisition cost
- 240,000
- Initial useful life
- 8
- Revised remaining useful life
- 3