The equipment at cost account at the start of year 2, Accounting Basics

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The equipment at cost account at the start of year 2

The equipment at cost account at the start of Year 2 records a total of £34m. The equipment at cost account at the end of Year 2 records a total of £37m. An asset of original cost £5m was sold during the period. What was the amount spent on acquisition of equipment?

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Accounting Basics: The equipment at cost account at the start of year 2

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Accounting Basics: The equipment at cost account at the start of year 2

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