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Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1 decimal place (i.e.,

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Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

1) Cash proceeds from disposals _______ million

2) Percentage of depreciation expense ________ %

Required information P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows L08-5, 8-7 (The following information applies to the questions displayed below.] The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Beginning of Year Additions Disposals End of Year Cost Aircraft Other fixed assets (summarized) 18,270.1 6,859.1 25, 129.2 2,427.2 2,290.8 4,718.0 1,750.3 2,429.0 4,179.3 18,947.0 6,720.9 25,667.9 Beginning Impairment of Year Depreciation Loss End of Year Disposals Accumulated depreciation Aircraft Other fixed assets (summarized) 5,754.2 2,750.9 8,505.1 1,557.1 575.2 57.4 1.9 59.3 873.9 329.4 1, 203.3 6,494.8 2,998.6 9,493.4 2,132.3 Andromidas Airlines also reported the following cash flow details: Prior Year 2,560.2 Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,209.6 Adjustments for Depreciation 2,132.3 Impairment loss 59.3 Loss (gain) on disposal of fixed assets (58.7) Other adjustments (summarized) (1,544.2) Cash generated from operations 1,798.3 1,504.8 6.1 (32.1) 421.9 4,460.9

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