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Cash Flow question help me calculate the Aquisition during the year

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Cash Flow question help me calculate the Aquisition during the year

  • This topic has 3 replies, 2 voices, and was last updated 15 years ago by AvatarMikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • May 19, 2010 at 9:58 pm #43993
    AvatarSalman
    Member
    • Topics: 7
    • Replies: 128
    • ☆☆

    The details of the non-current assets are:
    Cost Accumulated depreciation Net book value
    $000 $000 $000
    At 31 March 2002 27,500 10,200 17,300
    At 31 March 2003 37,250 12,750 24,500
    During the year there was a major refurbishment of display equipment. Old equipment that had cost $6 million
    in September 1998 was replaced with new equipment at a gross cost of $8 million. The equipment manufacturer
    had allowed Rytetrend a trade in allowance of $500,000 on the old display equipment. In addition to this
    Rytetrend used its own staff to install the new equipment. The value of staff time spent on the installation has
    been costed at $300,000, but this has not been included in the cost of the asset. All staff costs have been
    included in operating expenses. All display equipment held at the end of the financial year is depreciated at 20%
    on its cost. No equipment is more than five years old.
    This is a Cash Flow question so i just pasted the Non Current Asset part. Please help me calculate the Acquisition during the year, Depreciation, Sale of Plant Figure and Loss or Profit on Disposal. THANKS Werty 😀

    May 22, 2010 at 9:49 am #60656
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    I’ll have to leave this until I can see the actual question – that will be on Monday!

    May 22, 2010 at 10:37 am #60657
    AvatarSalman
    Member
    • Topics: 7
    • Replies: 128
    • ☆☆

    No need werty, i already solved it, THANKS 😀

    May 22, 2010 at 11:39 am #60658
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Thanks for letting me know, Salman

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