A business buys an asset on $1$ January $20$X$4$ for $$18000.$ By $31$ December $20$X$4$ the value

had increased to $$19500$ and it was sold on $31$ December $205$ for $$20800.$ The general

price index had risen from $100$ on $1$ January $204$ to $110$ on $31$ December $20$X$4$ and to $120$

on $31$ December $205$

Read and understand the above statement and using current value accounting, calculate the

value of the asset just prior to its sale on $31$ December $20$X$5.$