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Hydra Ltd owns 100% of Red Ltd. On 1 July 2014, Hydra Ltd sold an item of plant to Red Ltd for $200 000. At
Hydra Ltd owns 100% of Red Ltd.
On 1 July 2014, Hydra Ltd sold an item of plant to Red Ltd for $200 000. At the time of sale, the plant had an original cost of $300 000, a carrying amount of $220 000 and a remaining useful life of 8 years. The tax rate is 30%.
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