Non-current assets of a company were reported on its Statements of financial position as shown. Identify the cash outflow on acquisition and inflow from disposal in each of the following independent scenarios:

(a) A machine acquired for £120,000 and depreciated by £32,400 was sold in the year for £68,000

(b) A machine acquired for £150,000 was sold at a loss of £38,400. Depreciation written off in the year was £72,500

(c) Computer equipment acquired for £90,000 was sold at a gain of £12,800. Depreciation written off in the year was £82,400 and expenses of disposal were £3,000

(d) Computer equipment acquired for £30,000 and written down to £18,000 was traded in for another, the difference of £15,000 being paid in cash. A vehicle which cost £88,000 was sold at a loss of £12,400. Depreciation written off in the year was £129,800

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As at 30 June Cost 2011 2012 £640,000 £580,000 Accumulated depreciation £(112,800) £(164,200)