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The statement of financial position of ANT at 31 May 20X8 showed property, plant and equipment with a carrying amount of $1,580,000. At 31 May
The statement of financial position of ANT at 31 May 20X8 showed property, plant and equipment with a carrying amount of $1,580,000. At 31 May 20X9 it had increased to $2,460,000. During the year to 31 May 20X9 plant with a carrying amount of $210,000 was sold at a loss of $80,000 and depreciation of $250,000 was charged in respect of property, plant and equipment.
What amount should appear under 'investing activities' in the statement of cash flows of ANT for the year
ended 31 May 20X9 as cash paid to acquire property, plant and equipment?
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