The following information is taken from the accounts of DEF Ltd

	$
Plant, 1 July 2018	200,000
Plant, 30 June 2019	250,000
Accumulated Depreciation Plant, 1 July 2018	40,000
Accumulated Depreciation Plant, 30 June 2019	50,000
Depreciation Expense Plant, year ended 30 June 2019	42,000
Loss on sale of plant, year ended 30 June 2019	8,000
Original Cost of plant sold during the year	100,000

What were the cash proceeds from the sale of plant? (ignore any tax implications). (1 mark)

In your answers, include numbers only. No text, no commas, no signs or symbols etc.

$ Answer