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heeeeeeeeelp 🙂
I understood most of Q3. a.i. but there is one point I don’t understand . . .the plant disposal in the answer = £(500)
I calculate (proceeds – CV) (1200 – 500) = £700 profit
this one figure disrupts the balancing figure🙂 😉
I don’t have the question in front of me, but I imagine that it’s a cash flow question. The figures you have quoted would be reflected as a deduction in the operating activities section of 700 and an inflow in the investing activities section of 1200.
Does that answer it?
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