APM provides the following note to non-current assets in its statement of financial position. Plant and...
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APM provides the following note to non-current assets in its statement of financial position. Plant and machinery Opening balance Additions/charge Disposals (10) Closing balance 30 Cost $000 25 15 A. $9,000 B. $11,000 C. $13,000 D. $15,000 Depreciation $000 12 4 (8) 8 Net book value $000 13 11 The additional machinery was purchased for cash. A machine was sold at a profit of $2,000. What is the net cash outflow for plant and machinery? (2) 22 APM provides the following note to non-current assets in its statement of financial position. Plant and machinery Opening balance Additions/charge Disposals (10) Closing balance 30 Cost $000 25 15 A. $9,000 B. $11,000 C. $13,000 D. $15,000 Depreciation $000 12 4 (8) 8 Net book value $000 13 11 The additional machinery was purchased for cash. A machine was sold at a profit of $2,000. What is the net cash outflow for plant and machinery? (2) 22
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Related Book For
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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