On 30 June, Maren classifies a press as held for sale. Its carrying amount, after updating depreciation, is 420,000. Case assumption: its fair value is 470,000 and the costs to sell are estimated at 20,000. Calculate the fair value less costs to sell, then the amount at which the press is measured.
- Carrying amount after updating depreciation
- 420,000
- Fair value (case datum)
- 470,000
- Estimated costs to sell
- 20,000