Ergo Co acquired an item of plant on 1 July 20X5 at a cost of $250,000. Ergo Co depreciates its plant at a rate of 20% on a reducing balance basis. As at 30 June 20X6, the manufacturer still makes the same item of plant and its current price is $300,000.

Required

What is the carrying amount to be shown in the statement of financial position of Ergo Co as at 30 June 20X6 under historical cost and current cost?