You establish the following details in connection with the property, plant & equipment of Snoding Ltd for the year ended 30 June 2024:

Freehold land that originally cost £50,000 was revalued for the first time during May 2024 to reflect its current market value of £170,000. This new valuation is incorporated within the closing balance of £486,000 above.
What figure for proceeds from the disposal of property, plant & equipment will appear in the statement of cash flows of this company for its year ended 30 June 2024?

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Carrying amount as at 1 July 2023 Purchases of property, plant and equipment during the year Profit on the disposal of property, plant and equipment during the year Depreciation expense for the year Carrying amount as at 30 June 2024 E 366,000 79,000 3,000 58,000 486,000