Amount to be shown in the SOFP

But, when using current cost as a measure, you compare the asset that you have with a similar asset - same age, same condition, same location So the cost of a similar two year old asset would be 600,000 - 2 years' depreciation @ 108,000 per year = 384,000 Ok?

It's as I have written. We need to consider age, quality, location so we are comparing like with like