The following information is summarized from Note 20 of a recent annual report of Singapore Airlines. Numbers

Question:

The following information is summarized from Note 20 of a recent annual report of Singapore Airlines. Numbers are in millions of Singapore dollars:

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Singapore Airlines also reported the following cash flow details:

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Required:

1. Reconstruct the information in Note 20 using T-accounts for Property, Plant, and Equipment and Accumulated Depreciation:

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2. Compute the amount of cash (in millions of dollars) that the company received for disposals for the current year. Show computations.

3. Compute the percentage of depreciation expense to cash flows from operations for the current year. Round your percentage to one decimal place. What do you interpret from the result?

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Financial Accounting

ISBN: 978-1259964947

10th edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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