pvn.3 !Required informationP8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements andAnalyzing 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 inmillions of Singapore dollars:CostAircraftOther fixed assets (summarized)Accumulated depreciationAircraftOther fixed assets (summarized)Beginningof Year Additions DisposalsP8-7 Part 218,260.16,829.125,089.2Cash proceeds from disposalsBeginningof Year DepreciationProfit before taxationAdjustments forDepreciationImpairment lossLoss (gain) on disposal of fixed assetsOther adjustments (summarized)Cash generated from operations5,684.22,930.98,615.1Andromidas Airlines also reported the following cash flow details:2,437.2 1,770.3 18,927.02,160.8 2,469.0 6,520.94,598.0 4,239.3 25,447.91,467.1485.259.41.91,952.3 61.3millionImpairmentLossCash Flow from Operating Activities (in $ millions)Current Year1,200.61,952.361.3(55.7)(1,540.2)1,618.3Endof YearDisposals993.9319.46,216.83,098.61,313.3 9,315.4Prior Year2,548.2Endof Year1,503.86.1(32.1)428.94,454.92. Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1decimal place (i.e., 5,500,000 should be entered as 5.5).)

Cash proceeds from disposal are the money that a business gets when it sells or otherwise gets rid…

The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Cost Aircraft Other fixed assets (summarized) Accumulated depreciation Aircraft Other fixed assets (summarized) Beginning of Year 18,260.1 6,829.1 25,089.2 Beginning Impairment of Year Depreciation Loss 5,684.2 2,930.9 8,615.1 Additions Disposals 2,437.2 1,770.3 18,927.0 2,160.8 2,469.0 6,520.9 4,598.0 4,239.3 25,447.9 1,467.1 485.2 1,952.3 Andromidas Airlines also reported the following cash flow details: 59.4 1.9 61.3 End of Year Cash Flow from Operating Activities (in $ millions) Current Year Disposals 993.9 319.4 1,313.3 Prior Year End of Year 6,216.8 3,098.6 9,315.4

The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Cost Aircraft Other fixed assets (summarized) Accumulated depreciation Aircraft Other fixed assets (summarized) Beginning of Year 18,260.1 6,829.1 25,089.2 Beginning Impairment of Year Depreciation Loss 5,684.2 2,930.9 8,615.1 Additions Disposals 2,437.2 1,770.3 18,927.0 2,160.8 2,469.0 6,520.9 4,598.0 4,239.3 25,447.9 1,467.1 485.2 1,952.3 Andromidas Airlines also reported the following cash flow details: 59.4 1.9 61.3 End of Year Cash Flow from Operating Activities (in $ millions) Current Year Disposals 993.9 319.4 1,313.3 Prior Year End of Year 6,216.8 3,098.6 9,315.4

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section19.6: Buying Intangible Assets And Calculating Amortization Expense

Problem 1OYO

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