Scrumptious Confections plc is a United Kingdom confectionery company.

Scrumptious Confections plc is a United Kingdom confectionery company. Scrumptious Inc is forecasting its financial statements for Year 2. Selected financial information for Years 1 and 2 is provided in the table.

In Year 2 Scrumptious is planning to invest £53 million in CAPEX and forecasted depreciation is £196 million. What is Property, Plant and Equipment (Net) in Year 2?

Selected Financial Information
Scrumptious Inc (£ millions)
Year 1 Year 2
PP&E £1,904
Depreciation 212 196
CAPEX 45 53

A) £831
B) £861
C) £1,411
D) £1,441
E) £1,761

ANSWER

E