20.1 Assess the impact of the following on the profit and loss account, the balance sheet and the cash flow statement:

(a) The company provided for depreciation of £30,000 on fixed assets for the year.

(b) The company issued shares with a nominal value of £1 per share at a price of £1.60.

(c) The company sold fixed assets during the year for £5,000. They cost £30,000 and at the date of sale depreciation of £20,000 had been provided.

(d) The company revalued its land from £500,000 to £700,000.

(e) The company repaid a debenture of £200,000.

(f) The directors decide to amortise goodwill of £200,000 over a period often years.