The statement of financial position of a business showed the following information in respect of non-current assets
Cost: 150,000
Provision for depreciation: 54,000
Carrying amount: 96,000
At the end of the year a charge of 35,000 was made for depreciation; a revaluation reserve of 58,000 was created and an asset with a carrying amount of 8,500 was sold. If the carrying amount of non-current assets at the end of the year was 180,000identify the cash flow on the purchase of non-current assets during the year.

Question

The statement of financial position of a business showed the following information in respect of non-current assets 
Cost: 150,000
Provision for depreciation: 54,000
Carrying amount: 96,000
At the end of the year a charge of 35,000 was made for depreciation; a revaluation reserve of 58,000 was created and an asset with a carrying amount of 8,500 was sold. If the carrying amount of non-current assets at the end of the year was 180,000identify the cash flow on the purchase of non-current assets during the year.