Eddie Limited has the following non- current asset section in its Statement of Financial Position as at 31 December 2022: Non-Current Assets: 2022 2021 Land cost 150,000 200,000 Buildings cost 450,000 400,000 Buildings Accumulated Depn (215,000) (120,000) 535,000 480,000 You are advised that the company does not depreciate land. The only disposal during the year was a building which cost €100,000 and had a net book value of €50,000. What was the cash outflow on purchase of land and buildings ? enter your answer as a POSITIVE full number with no € sign

Eddie Limited has the following non- current asset section in its Statement of Financial Position as at 31 December 2022: Non-Current Assets: 2022 2021 Land cost 150,000 200,000 Buildings cost 450,000 400,000 Buildings Accumulated Depn (215,000) (120,000) 535,000 480,000 You are advised that the company does not depreciate land. The only disposal during the year was a building which cost €100,000 and had a net book value of €50,000. What was the cash outflow on purchase of land and buildings ? enter your answer as a POSITIVE full number with no € sign

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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