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Calculate the cash outflow from the purchase of PPE

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

The carrying amount of PPE increased from £752,000 at 31 Dec 2019 to £868,000 at 31 Dec 2020.

The depreciation expense for the year was £121,000.

PPE disposals in the year generated cash proceeds of £50,000. The carrying amount of the disposed PPE totalled £72,000.

Required - Calculate the cash outflow from the purchase of PPE which would be reported in the company's Statement of Cash Flows.

Reference no: EM132874456

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