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What is the amount of proceeds to be reported

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Reference no: EM133182609

Question - Goldson Ltd purchased an item of plant for £180,000 on 1 January 2018. The plant is to be depreciated on a 20% reducing balance basis.

Goldson Ltd sold the plant on 31 December 2021 and made a gain of £12,200 on disposal.

What is the amount of proceeds to be reported in the Statement of Cash Flows of Goldson Ltd for the year ended 31 December 2021?

A. £104,360

B. £61,528

C. £85,928

D. £71,182

Reference no: EM133182609

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