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The following balance sheet extract was obtained from the books of Shamu Ltd as at December 31, 2021: Land and building
Posted: Mon May 02, 2022 7:17 am
by answerhappygod
- The Following Balance Sheet Extract Was Obtained From The Books Of Shamu Ltd As At December 31 2021 Land And Building 1 (40.74 KiB) Viewed 30 times
The following balance sheet extract was obtained from the books of Shamu Ltd as at December 31, 2021: Land and building Fixtures and fittings Machinery and equipment Motor vehicle Long term investment 2020 Cost Depin NBV 550.000 (35,000 515.000 340,000 (28.000 312.000 450.000 (45.000 405,000 395,000 09.500 365,500 180.000 2021 Cost Don't NBV 640.000 1.164.0001576 000 490,000 135.600X454,400 $20.000 (60,000 460,000 440.000036200403 300 250.000 It was ascertained that during the year, equipment costing $45,000 with a book value of $28,000 was sold at a loss of $6,000. Additionally, the building was revalued by $50,000. How much is to be shown as purchase of non-current assets in the cash flow statement? O a $445,000 Ob $400,000 Oc$350.000 od $395.000