CruiseLines has 3 cruise ships that are currently docked as customers are not booking cruises. At 30 June 2021 the carrying amount of the cruise ships is $12,400,000, the fair value is $5,600,000, the cost to sell were estimated to be $800,000 and the value in use is $3,200,000.

The recoverable amount relevant for CruiseLines is

a.$2,400,000

b.$3,200,000

c.$4,800,000

d.$5,600,000