On selling a batch of vans, Ostvenne derecognised assets with a cost of 216,000, depreciated by 129,000, and recognised a loss on disposal of 12,500 (case data). What is the carrying amount derecognised and what cash receipt appears in investing?
- Cost of the vans
- 216,000
- Accumulated depreciation
- 129,000
- Loss on disposal
- 12,500