=+3. Property, plant and equipment of Quickbuck Limited were bought in Ireland, shipped to and erected for Quickbuck Limited at a cost of €120,000.

The net book amount of property, plant and equipment of Quickbuck Limited at 31 December 20X4 was arrived at as follows:

$

Cost 300,000 Depreciation 30,000 270,000 Depreciation for 20X4: 30,000