REFERENCE: 11_03 A Company Acquired a New Piece of Equipment on January

REFERENCE: 11_03
A company acquired a new piece of equipment on January 1,2006 at a cost of $200,000.The equipment is expected to have a useful life of 10 years,a residual value of $20,000 and is being depreciated on a straightline basis.On January 1,2008,the equipment was appraised and determined to have a fair value of $190,000 and a residual value of $25,000 and a remaining useful life of 10 years.
-At what amount should the equipment be reported on the December 2008 balance sheet under IFRSs alternative treatment?

A) $200,000
B) $190,000
C) $173,500
D) $146,000
E) $140,000