A company purchased a motor vehicle for ₹ 5,00,000. Settlement was made by a payment of ₹ 4,40,000 and the part exchange of one of the company’s own vehicles for ₹ 60,000. The vehicle given in part exchange had a written down value of ₹ 1,40,000, but had a re-sale value of ₹ 40,000. Which amount should be shown in the cash flow statements for the acquisition of the vehicle?
A. ₹4,40,000
B. ₹4,80,000
C. ₹5,00,000