On 01 July 2020 Warne Ltd acquired 100% of the issued voting shares of Dhoni Ltd for consideration of $460,000.

At the date of acquisition Dhoni Ltd equity balances were as follows:

Issued capital 200,000

Retained earnings 50,000

Total shareholders' equity 250,000

All of Dhoni Ltd's identifiable assets and assumed liabilities were at fair value except an item of plant whose fair value was $35,000 greater than its carrying value. The remaining useful life of the plant was 5 years.

As part of finalising the Warne Ltd consolidated financial statements for the year ended 30 June 2021 you have been asked to analyse the group's financial position. An extract from the respective entity's statements of financial position disclosed:

Warne Ltd Dhoni Ltd

Property, plant and equipment - carrying amount (net) $205,000 $63,000

The company tax rate is 30%.

Required:

Calculate the carrying amount of the Warne Ltd group property, plant and equipment account at 30 June 2021 after processing the consolidation journal entries for the plant fair value adjustments.

NOTE: Presentation of journal entries is NOT REQUIRED.