At Brairvot, a maintenance expense has been wrongly capitalised since 2022. The overstated asset amounts to 45,000 at 1 January 2024 and to 75,000 at 31 December 2024. Brairvot presents 2025 and 2024 (tax effect ignored). What corrections apply to the opening balances and to 2024?
- Cumulative effect at 31 December 2024
- 75,000
- Cumulative effect at 1 January 2024
- 45,000