25 Given below is information from the statement of financial position of Paris Co During the year ended 31…

25 Given below is information from the statement of financial position of Paris Co During the year ended 31…

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25
Given below is information from the statement of financial position of Paris Co
During the year ended 31 December 20X2 machinery that had an original cost of $38 000 and
accumulated depreciation of $24 000 was sold at a profit of $1 000 The depreciation charge for
the year was $36 000
Plant and machinery (carrying value)
A [
]
[ ]
C[]
I
What amounts are to be included in the statement of cash flows for payments to acquire plant
and machinery and sales proceeds in respect of plant and machinery?
Payments to acquire Sales proceeds
P
]
$110 000
$134 000
$110 000
$134 000
31 October 20X4
$ 000
450
$13 000
$13 000
$15 000
$15 000
31 October 20X3
$ 000
390

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To calculate the amounts to be included in the statement of cash flows for payments to acquire plant
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