A machine acquired for 360,000 and depreciated by 210,000 was sold in the year for 180,000. Operating
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A machine acquired for £360,000 and depreciated by £210,000 was sold in the year for £180,000. Operating profit for the year, reported as £980,000, includes the gain on disposal of the machine. Ignoring depreciation and changes in working capital items, the amounts to be included in a Statement of cash flows prepared on the indirect method would be:
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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