JustAnswer > Finance
Ask A Question|Register|Login|Help
JustAnswer

Finance

Ask a Finance Question, Get an Answer ASAP!

Have your own Finance question?

3 Financial Professionals are Online Now
characters left:
Not a Finance Question?
Bookmark and Share

Question

I'm doing a cash flow statement-Indirect format

Plant and equipment      80,000     77,000      (3,000)
                                                     yr1           Yr2
during yr2 the company sold for cash equipment that cost 15000 and on which a/d of 8000

how would i find the acquisution for equipment?

Submitted: 138 days and 17 hours ago.
Category: Finance
Value: $9
Status: AWAITING CUSTOMER ACTION

Answer

Hi James,

 

closing equipment - Opening euipmnet + WDV of disposal = Acquisition of equipment

80,000 - 77,000 + 7,000 = 10,000

Picture
Expert: Falak Naz
Pos. Feedback: 100.0 %
Accepts: 
Answered: 7/8/2009

Accountant

I am a qualified Chartered Accountant. Currently i am working in financial institution.

Related Finance Questions

  • importance of mathematics in accounting
  • a stock listed on the nyse has a current price of k which
  • a factor pays seven cents on the dollar to purchase
  • interest only morgages what does it mean
  • ATM malfunction
  • 19
  • Type your question here
  • Stock Volatility



Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Question List | Become an Expert | Terms of Service | Security & Privacy | About Us
© 2003-2009 JustAnswer Corp.