• Ergo Co acquired an item of plant on 1 July 2020 at a cost of $ 250,000. Ergo Co depreciatesits plant at a rate of 20% on a reducing balance basis. As at 30 June 2022, the manufacturer of theplant still makes the same item of plant and its current price is $ 300,000.What is the correct carrying amount to be shown in the statement of financial position of Ergo asat 30 June 2022 under historical cost and current cost?