At 30 June 2015 Company Pogba’s financial statements included a brand at cost of £15 000 less accumulated amortisation of £1 500. Amortisation is based on a 20 year useful life. On 30 June 2016 the directors carried out an impairment review due to a fall in sales during the year. It was calculated that the brand had a value in use of £13 000 and a fair value less costs of disposal of £12 000.
At what value should the brand be shown in the financial statements for year ended 30 June 2016?
A £12 000
B £12 750
C £13 000
D £13 500