- The Following Balance Sheet Extract Was Obtained From The Books Of Shamu Ltd As At December 31 2021 Land And Building 1 (152.23 KiB) Viewed 24 times
The following balance sheet extract was obtained from the books of Shamu Ltd as at December 31, 2021: Land and building Fixtures and fittings Machinery and equipment Motor vehicle Long term investment 2020 Cost Depºn NBV 550.000 (35,000) | 515,000 340.000 (28,000)| 312,000 450,000 (45,000) 405,000 395,000 (29,500) 365,500 180.000 2021 Cost Depºn NBV 640,000 (64,000)| 576,000 490,000 (35,600) 454,400 520,000 (60,000) 460,000 440,000 (36,700) 403,300 250.000 It was ascertained that during the year, equipment costing $45,000 with a book value of $28,000 was sold at a loss of $6,000. Additionally, the building was revalued by $50,000. How much is to be shown as purchase of non-current assets in the cash flow statement? a. $395,000 b. $350,000 C. $400,000 d. $445,000