Bow Ltd reported the following assets in its statement of financial position at 30June2020

Plant $800 000 Accumulated depreciation (240 000) I Land 300 000 Patent 240 000 Office eo-uiment 620 000 3 Accumulated depreciation (340 000) Inventory 220 000 Cash and cash equivalents 180 000 $1 780 000 [A N The recoverable amount of the entity was calculated to be $1 660 000. The fair value less costs of disposal of the land was $280 913