Accounting · Non-current Assets Held for Sale and Discontinued Operations (IFRS 5)

As at 30 September 20X3, Dune Co's property in its statement of financial position stood at a cost of $45 million (useful life 15 years) with accumulated depreciation of $6 million. On 1 April 20X4, Dune Co decided to sell the property. The property is being marketed by an agent at $42 million, which was considered reasonably achievable. Expected costs to sell are agreed at $1 million. Recent market transactions suggest that actual selling prices achieved are 10% less than the marketing price. At 30 September 20X4, the property remains unsold. At what amount should the property be reported in the statement of financial position as at 30 September 20X4?