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State the carrying amount of the delivery truck

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Reference no: EM132992619

Sabine Ltd imported a delivery truck from Japan on 1 July 2019 at a cost of $75 000. Import duties and taxes amount to $5 000 and a few modifications had to be made to get the truck roadworthy, which amount to $10 000. The delivery truck was ready for use on 1 January 2020 and was expected to be used by Sabine Ltd for 5 years after which time it would be scrapped. On 1 July 2021, a new in-built freezer unit on the back of the truck was installed at a cost of $20 000.

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Question 1: State the carrying amount of the delivery truck at the end of each of the three reporting periods

Reference no: EM132992619

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