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:
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