Question: Rolta Engineering acquired a machine for Rs. 50 million 6 years back and depreciated Rs. 30 million during the last 6 years. Its current book
Rolta Engineering acquired a machine for Rs. 50 million 6 years back and depreciated Rs. 30 million during the last 6 years. Its current book value is Rs. 20 million. It sold the machine for Rs. 16 million. In preparing cash flow statement, Rolta will recognize:
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