Hybrid Ltd provides the following information for the period ended 30 June 2015:

What was the amount of cash used to acquire plant and equipment?

Question

Hybrid Ltd provides the following information for the period ended 30 June 2015:

What was the amount of cash used to acquire plant and equipment?

Quizplus · Accepted Answer

The amount of cash used to acquire plant and equipment is calculated as follows: 
Plant and equipment at beginning of period = $878,000
Additions during the period = $642,000
Less: Disposals during the period = $0
Plant and equipment at end of period = $1,520,000
Cash used to acquire plant and equipment = (Plant and equipment at beginning of period + Additions during the period - Plant and equipment at end of period) = ($878,000 + $642,000 - $1,520,000) = $520,000. Therefore, option C is correct.

Hybrid Ltd Provides the Following Information for the Period Ended