Eddie Limited has the following non- current asset section in its Statement of Financial Position as at 31 December 2022: Non-Current Assets: 2022 2021 Land cost 150,000 200,000 Buildings cost 450,000 400,000 Buildings Accumulated Depn (215,000) (120,000) 535,000 480,000 You are advised that the company does not depreciate land. The only disposal during the year was a building which cost €100,000 and had a net book value of €50,000. What was the cash outflow on purchase of land and buildings ? enter your answer as a POSITIVE full number with no € sign
Eddie Limited has the following non- current asset section in its Statement of Financial Position as at 31 December 2022: Non-Current Assets: 2022 2021 Land cost 150,000 200,000 Buildings cost 450,000 400,000 Buildings Accumulated Depn (215,000) (120,000) 535,000 480,000 You are advised that the company does not depreciate land. The only disposal during the year was a building which cost €100,000 and had a net book value of €50,000. What was the cash outflow on purchase of land and buildings ? enter your answer as a POSITIVE full number with no € sign
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 3RE: Albany Corporation purchased equipment at the beginning of Year 1 for 75,000. The asset does not...
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