The following information is provided from the financial statements of Circus Ltd: 2019 €000 2018 €000 STATEMENT OF FINANCIAL POSITION Property, plant and equipment – cost Accumulated depreciation Equity and Reserves Revaluation surplus 960 770 250 210 110 STATEMENT OF PROFIT OR Loss (EXTRACT) ended 31 December 2019 for the year € Depreciation Loss on disposal 90,000 8,500 The asset sold during the year had originally cost €66,000.
The following information is provided from the financial statements of Circus Ltd: 2019 €000 2018 €000 STATEMENT OF FINANCIAL POSITION Property, plant and equipment – cost Accumulated depreciation Equity and Reserves Revaluation surplus 960 770 250 210 110 STATEMENT OF PROFIT OR Loss (EXTRACT) ended 31 December 2019 for the year € Depreciation Loss on disposal 90,000 8,500 The asset sold during the year had originally cost €66,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Urgentt!!! Calculate net cash from investing activities
![The following information is provided from the financial statements of Circus Ltd:
2019 €000
2018 €000
STATEMENT OF FINANCIAL POSITION
Property, plant and equipment – cost
Accumulated depreciation
Equity and Reserves
Revaluation surplus
960
770
250
210
110
STATEMENT OF PROFIT OR Loss (EXTRACT)
for the year ended 31 December 2019
€
Depreciation
Loss on disposal
90,000
8,500
The asset sold during the year had originally cost €66,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6d7b29d2-ad96-4d8d-8c6c-a798d3b8a8e3%2F18841925-e515-4bb7-b0fd-2a7df4d055da%2F9o46wx8_processed.png&w=3840&q=75)
Transcribed Image Text:The following information is provided from the financial statements of Circus Ltd:
2019 €000
2018 €000
STATEMENT OF FINANCIAL POSITION
Property, plant and equipment – cost
Accumulated depreciation
Equity and Reserves
Revaluation surplus
960
770
250
210
110
STATEMENT OF PROFIT OR Loss (EXTRACT)
for the year ended 31 December 2019
€
Depreciation
Loss on disposal
90,000
8,500
The asset sold during the year had originally cost €66,000.
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