Orange Ltd sold machinery to its wholly owned subsidiary Apple Ltd on 1 January 20X1 for 176,000. The machinery had cost Orange 195,360 and had been in use by Orange for three years and depreciated on a straight line basis assuming a life of 5 years and no residual value. Apple in preparing its own accounts on 31 December 20X1 applied its own depreciation policy of writing off on a straight line basis over 4 years.

On consolidation, the depreciation should be reduced by how much?