Question: Required information P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows LO8-5,

Required information P8-7 (Algo) Inferring
Required information P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows LO8-5, 8-7 [The following information applies to the questions displayed below.] The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Beginning End of Year Additions Disposals of Year Cost Aircraft 18,260.1 2,397.2 1,810.3 18,847.@ Other fixed assets (summarized) B6,679.1 2,220.8 2,589.8 6,390.9 24,939.2 4,618.8 4,319.3 25,237.9 Beginning Impairment of Year Depreciation Loss Disposals Accumulated depreciation Aircraft 5,774.2 1,577.1 44.4 953.9 Other fixed assets (summarized) 2,900.9 475.2 1.2 399 .4 8,675.1 2,852.3 45.6 1,353.3 End of Year 6,441.8 2,977.9 9,419.7 Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Prior Year Profit before taxation 1,287.6 2,551.2 Adjustments for Depreciation 2,852.3 1,499.8 Impairment loss 45.6 N Loss (gain) on disposal of fixed assets (61.7) (33.1) Other adjustments (summarized) (1,536.2) 425.9 Cash generated from operations 1,787.6 4,445.9 I P8-7 Part 2 2. Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1 decimal place (i.e.. 5.500,000 should be entered as 5.5).)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!