From the following information compute the FCInv (Fixed Capital Investment) of Acme Limited. Selected Financial Data Particulars
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Question:
From the following information compute the FCInv (Fixed Capital Investment) of Acme Limited.
Selected Financial Data
Particulars | 2018 (INR) | 2017 (INR) |
Gross PP&E(Property,Plant and Equipment) | 500000 | 415000 |
Accumulated Depreciation | 150000 | 120000 |
Net PP & E (Property, Plant, and Equipment) | 350000 | 295000 |
First Scenario : There were no sales of PP & E during the year; depreciation expense was INR 30,000
Second Scenario : The company reported capital expenditure of INR 140,000, long-term sales of INR 60,000 and depreciation expense of INR 85,000. The long- term assets sold were fully depreciated.
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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