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Please help P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows LO8-5,
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P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows LO8-5, 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 End of Year Additions Disposals Cost Aircraft Other fixed assets (summarized) 18,300.1 6,759.1 25,059.2 2,297.2 2,300.8 4,598.0 1,910.3 2,569.0 4,479.3 18,687.0 6,490.9 25, 177.9 Beginning Impairment of Year Depreciation Loss End of Year Disposals Accumulated depreciation Aircraft Other fixed assets (summarized) 5,654.2 2,910.9 8,565.1 1,507.1 465.2 1,972.3 46.4 1.8 973.9 349.4 1,323.3 6,233.8 3,028.5 9,262.3 48.2 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 1,218.6 Adjustments for Depreciation 1,972.3 Impairment loss 48.2 Loss (gain) on disposal of fixed assets (46.7) Other adjustments (summarized) (1,525.2) Cash generated from operations 1,667.2 1,498.8 5.1 (45.1) 419.9 4,438.9 P8-7 Part 2 2. 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).) Cash proceeds from disposals million P8-7 Part 3 3. Compute the percentage of depreciation expense to cash flows from operations for the current year. (Round your percentage answer to 1 decimal place (.e. 0.123 should be entered as 12.3).) Percentage of depreciation expense %Step by Step Solution
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