. Metric owns an item of plant which has a carrying amount of $248,000 as at 1 April 20X3. It is being depreciated at 12.5% per annum on a reducing balance basis. The plant is used to manufacture a specific product which has been suffering a slow decline in sales. Metric has estimated that the plant will be retired from use on 31 March 20x7. The estimated net cash fows from the use of the plant and their present values are: Net cash fows Present values $ Year to 31 March 20X5 Year to 31 March 20X6 Year to 31 March 20X7 120,000 80,000 52,000 252,000 es $ 109,200 66,400 39,000 214,600 On 1 April 20X4, Metric had an offer from a rival to purchase the plant for $200,000. At what value should the plant appear in Metric's statement of financial position as at 31 March 20X4?