Question
Illustration 9: Milton Co. Ltd. submits you the following information: Machinery (1-4-2014) Machinery (31-3-2015) Accumulated depreciation (1-4-2014) Accumulated depreciation (31-3-2015) z 1,00,000 1,20,000 30,000
Illustration 9: Milton Co. Ltd. submits you the following information: Machinery (1-4-2014) Machinery (31-3-2015) Accumulated depreciation (1-4-2014) Accumulated depreciation (31-3-2015) z 1,00,000 1,20,000 30,000 50,000 A machine costing 50,000 (accumulated depreciation 30,000) was sold for 26,000, during the year. Calculate cash flow from investing activities from the above information.
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
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