Elite Leisure is a private limited liability company that operates a single cruise ship. The ship was acquired on 1 October 2011. Details of the cost of the ship's components and their estimated useful lives are:

component original cost depreciation basis (million) ship's fabric (hull, decks etc.) 300 25 years straight-line cabins and entertainment area fittings 150 12 years straight-line propulsion system 100 useful life of 40,000 hours

At 30 September 2019 no further capital expenditure had been incurred on the ship.

In the year ended 30 September 2019 the ship had experienced a high level of engine trouble which had cost the company considerable lost revenue and compensation costs. The measured expired life of the propulsion system at 30 September 2019 was 30,000 hours. Due to the unreliability of the engines, a decision was taken in early October 2019 to replace the whole of the propulsion system at a cost of 140 million. The expected life of the new propulsion system was 50,000 hours and in the year ended 30 September 2020 the ship had used its engines for 5,000 hours.

At the same time as the propulsion system replacement, the company took the opportunity to do a limited upgrade to the cabin and entertainment facilities at a cost of 60 million and repaint the ship's fabric at a cost of 20 million. After the upgrade of the cabin and entertainment area fittings it was estimated that their remaining life was five years (from the date of the upgrade). For the purpose of calculating depreciation, all the work on the ship can be assumed to have been completed on 1 October 2019. All residual values can be taken as nil.

Required: Calculate the carrying amount of Elite Leisure's cruise ship at 30 September 2020 and the related amounts which should be recognised as expenses for the year ended 30 September 2020. Your answer should explain the treatment of each item.