Question

Cathay Pacific Airways reported the following information in the notes to the financial statements of its 2012 annual report (in millions of Hong Kong dollars):
Cathay Pacific also reported the following cash flow details:
Required:
1. Reconstruct the information in Note 12 into T- accounts for fixed assets and accumulated depreciation:
2. Compute the amount of cash the company received for disposals during 2012. Show computations.
3. Compute the percentage of depreciation expense to cash flows from operations for 2012. How do you interpret this percentage?


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  • CreatedAugust 04, 2015
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