[whitereindeer]

plant and equipment, net 2013 = 106,000 2012 = 69,000

Other information:
Plant assets with a book valur of £10,000 and original cost of £20,000 were sold for their book value

the answer is:

sale of plant assets : 10,000
purchase of plant and equipment (75,000)


Now I'm confused where -75,000 is coming from?
I keep getting -37,000

What am I doing wrong?


If needed:
not payable(due in 10 years) 2013= 20,000 1012 = 20,000
depreciation expense = 28,000 (ive already put this on my operating cashflow)

thanks very much!

[whitereindeer]

Answer:

Book Value : +10
Sold Price : -10
Difference between plant 2012/2013 : -37
Apply depreciation on these items which is money out : -28

+10
-75