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Calculate the cash outflow from the purchase of ppe

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Reference no: EM132823488

The following information relates to the Property, Plant & Equipment (PPE) of a company for it's year ending 31 Dec 2020:

  1. the carrying amount of PPE increased from £752,000 at 31 Dec 2019 to £868,000 at 31 Dec 2020.
  2. the depreciation expense for the year was £121,000.
  3. PPE disposals in the year generated cash proceeds of £50,000. The carrying amount of the disposed PPE totalled £72,000

Problem 1: Calculate the cash outflow from the purchase of PPE which would be reported in the company's Statement of Cash Flows

Option 1: £309,000
Option 2: £77,000
Option 3: £217,050
Option 4: £116,000

Reference no: EM132823488

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