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Following the extract from the financial statement of ldt: Income Statement (extrat) ye 30th June 2022 Depreciation expense 38,000 Gain on disposal of plant and
Following the extract from the financial statement of ldt: | ||||||||
Income Statement (extrat) ye 30th June 2022 | ||||||||
Depreciation expense | 38,000 | |||||||
Gain on disposal of plant and equip. | 15,000 | |||||||
Balance Sheet (extrat) as at 30th June | 2022 | 2021 | ||||||
Plant and equipment | 585,000 | 490,000 | ||||||
Accumulated depreciation plant and equipment | -200,000 | -190,000 | ||||||
385,000 | 300,000 | |||||||
Note: Carrying amount of disposl plant and equi. | 63,000 | |||||||
You are preparing the investing activities of the cash flow statement. How much cash has been used on new plant and equipment | ||||||||
and how much has beens received from disposals in the year ending 30th june 2022? | ||||||||
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