At 1 January 20X0 Casey had property, plant and equipment with a carrying amount of USD250,000. In the year ended 31 December 20X0 the company disposed of assets with a carrying amount of USD45,000 for USD50,000. The company revalued a building from USD75,000 to USD100,000 and charged depreciation for the year of USD20,000. At the end of the year the carrying amount of property, plant and equipment was USD270,000.How much will be reported in the statement of cash flows for the year ended 31 December 20X0under the heading “cash flows from investing activities”?
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