Accounting · Statement of Cash Flows
The following items have been extracted from the statement of cash flows of Gresham for the year ended 31 December 20X1: Depreciation: $30,000 Profit on sale of non-current assets: $5,000 Proceeds from sale of non-current assets: $20,000 Purchase of non-current assets: $25,000 If the carrying amount of non-current assets was $110,000 on 31 December 20X0, what was it on 31 December 20X1?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$90,000✓
- 2$85,000
- 3$80,000
- 4$70,000
Correct answer
$90,000
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