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Hello sir
I wish to ask a query in cash flows preparation
Pls find below a part of question from a study text…
In notes…
Fixture and fittings cost 85000 and NBV 45000, were sold for 32000 during the yearAccumulated depreciation for year1is 340 and Y2 is 290
In solutions
Working – Depreciation
Dep for y2 340
Dep for y1. 290
Dep on assets sold (85-45) (40)
Charge for the year (250)
Ans is 90My query is …. pls let me know why is depreciation of sold asset(40) deducted (/added) in above calculations??
Loads of thanku for all ur lectures advice and time. I self study for exams… and ur lectures and advice is of great help and guide to me.
Thank u once againDear sir
Accumulated depreciation for year1is 290 and y2 is 340….
Sorry for the mistake in the above question typed .
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