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HRH'S balance sheet of 30 June 2011 shows a motor vehicle at a cost price of $72,000 less accumulated depreciation of $36,000. Depreciation is calculated

HRH'S balance sheet of 30 June 2011 shows a motor vehicle at a cost price of $72,000 less accumulated depreciation of $36,000. Depreciation is calculated on a straight-line basis. If the vehicle had a useful life of 6 years at the time of purchase and a residual value of $6,000. What is its carrying amount on 1 July 2013.

a) 24,000

b) 25,000

c) $14,000

d) $26,000

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