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Brink acquired a 75% interest in the share capital of Edge on 1 January 20X6. The balance on the tangible non-current assets at that date was $500,000. Extracts from the Consolidated statement of financial position of Brink as at 31 December 20X6 are as follows:
Depreciation charged for the year ended 31 December 20X6 was $970,000. What is the amount to be included in the consolidated statement of cash flows for additions to tangible non-current assets? A. $70,000 B. $870,000 C. $995,000 D. $1,370,000 |