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Extracts from Harvey Ltd's Statement of financial positions are given below: At year-end At beginning of year '000 '000 Non-current assets 305 240 Accumulated depreciation
Extracts from Harvey Ltd's Statement of financial positions are given below: At year-end At beginning of year '000 '000 Non-current assets 305 240 Accumulated depreciation 160 105 Net book value 145 135 Assuming there were no disposals within the year, which of the following statements is true? Select one answer: During the year, the amount spent on the purchase of non-current assets was 305,000 and the depreciation charge for the year was 160,000 During the year, the amount spent on the purchase of non-current asset purchases was 65,000 and the depreciation charge for the year was 55,000. During the year, the amount spent on the purchase of non-current assets was 55,000 and the depreciation charge for the year was 160,000 During the year, the amount spent on the purchase of non-current assets was 305,000 and the depreciation charge for the year was 55,000
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