Quernys acquired equipment for 96,000 on 1 January 2022, depreciated on a straight-line basis over 8 years with no residual value. On 1 July 2025, its remaining useful life is revised to 3 years from that date. Compute the carrying amount at 1 July 2025 and total 2025 depreciation.
- Acquisition cost
- 96,000
- Initial useful life
- 8
- Revised remaining life at 1 July 2025
- 3