A factory plant has an expected selling price of C440 000 if sold at reporting date, where this selling price was determined based on the selling prices of identical assets in an active market. The selling price has been presented inclusive of a transaction tax of 10%. If the asset were indeed sold for C440 000, a recoupment of C200 000 would arise on which the tax authorities would levy income tax of 30%. Legal costs of C10 000 would be incurred to make the sale. The fair value less cost of disposal would be: