Solved

At 1 December 2018, the Property, Plant and Equipment of Ostia

Question 18

Multiple Choice

At 1 December 2018, the property, plant and equipment of Ostia Limited had a carrying value of £432,798. During the year ended 30 November 2019, £88,996 of depreciation was charged on property, plant and equipment. The company received cash of £15,325 during the year from the sale of various items of property, plant and equipment The items of property, plant and equipment sold had cost £25,000 and depreciation of £12,225 had been charged on these items of property, plant and equipment up to the date of disposal. At 30 November 2019, the property, plant and equipment had a carrying amount of £440,452.
Based on these figures, how much cash was paid to acquire property, plant and equipment in the financial year ended 30 November 2019?


A) £108,875
B) £109,425
C) £111,975
D) £121,650

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents