F7 Asset given in part-exchange

@vinogradovaa said:
I have an old text book, and there is a question in the chapter for “Cash flow statements”, which is saying “The fleet original cost 42 mio, which was written down ot 11 mio. was replaced with the cost of 180 mio. and trade in was given 14 mio. The company also acqired a new plant for 120 mio. Some of the old assets were revalued to 170 mio. The opening value on the non current assets account is 1830 and closing 2480. Depreciation figure and balancing figure is not known.

In the solution. The non current asset cost is debited with Rev. amount of 170, then part-exchange of 14 mio, then new acqisition of 120. mio. there is a credit of book value of asset of 11 mio. As a balancing figure is given 723 for cash given for assets and depreciation of 366 on credit side.

How were both 723 and 366 figured out?

sorry I have overseen that 366 is from cost of sales and it solves the question. as 723 is a balancing figure. :}}}}

Regards

thanks.