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In a Previous Period Banshee Ltd Wrote-Off Its 'Dynamic Mover

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In a previous period Banshee Ltd wrote-off its 'dynamic mover' equipment, but new information has shown that it is probable that the future economic benefits exceed its cost of $40 000. What is the appropriate accounting entry?


Definitions:

Sanitize

The process of cleaning something to remove bacteria or viruses, making it safe and free of contaminants.

Microscopic Blood

Blood present in such small quantities that it is not visible to the naked eye but can be detected through microscopy or chemical tests.

Chemical Spray

A dispersion of chemical substances in a fine spray form, often used for cleaning, disinfection, or pest control.

Pathologic Examination

The study and analysis of body tissues and fluids to diagnose disease or medical conditions.

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