Anderson Pty Ltd is an Australian diversified industrial company with its major business activity being to manufacture flotation devices for babies and toddlers. Over the past decade, the business has been very profitable and the directors, Simon Anderson and Lisa Anderson, have kept payment of dividends to a minimum to allow the company to diversify into other activities. The following is a list of property, plant and equipment held by the company:

Investments in companies .1 Property, plant and equipment 1 Factory (N SW) .1 Land .1 Buildings .1 Cost .1 Accumulated depreciation .1 Factory (gig) .1 Land 1 Buildings 1 , Cost 1 , Accumulated depreciation 1 Carrying Value (3) .1 100 000 1 70 000 .1 (20 000) .1 150 000 .1 125 000 1 (45 000) .1 Current fair value (3') 1 .3 150 000 .1 80 000 1 .= g 120 000 1 70 000 .1 *0