Disposals and Transfers
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Please assist with finding the amount of cash for disposals and transfers. I have attached the assignment page from the book and the worksheet I have done so far.
The question is what is the amount of cash the company received for disposals and transfers for the current year.
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Solution Summary
The solution explains how to calculate disposals and transfers relating to fixed assets
Solution Preview
When an asset is disposed of, the transaction is as under
Cash Received - Book Value of the assets = Gain or loss on sale
In the given question, we have to find the cash received.
From the cash flow room operating ...
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