Non-current assets have been reported in the Statements of financial position of a business as shown. An asset that cost £40,000, written down to £28,000, was sold in the year for £20,000. What is the cost of non-current assets acquired during the year?

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As at 31 March Non-current assets at cost Accumulated depreciation 2011 £524,000 £578,000 £98,600 £112,200 2012