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The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Cost Aircraft Other fixed assets (summarized) Accumulated depreciation Aircraft Other fixed assets (summarized) Beginning of Year Additions Disposals End of Year 18,190.1 2,377.2 6,809.1 24,999.2 2,200.8 1,740.3 2,549.0 18,827.0 6,460.9 4,578.0 4,289.3 25,287.9 Beginning of Year Impairment Depreciation Loss End Disposals of Year 5,764.2 2,890.9 8,655.1 1,607.1 515.2 2,122.3 48.4 903.9 1.4 49.8 349.4 6,515.8 3,058.1 1,253.3 9,573.9 Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,208.6 Prior Year 2,552.2 Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) Cash generated from operations 2,122.3 49.8 (55.7) (1,527.2) 1,797.8 1,500.8 6.1 (42.1) 419.9 4,436.9 Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,208.6 Prior Year 2,552.2 Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) 2,122.3 49.8 (55.7) (1,527.2) 1,500.8 6.1 (42.1) 419.9 Cash generated from operations 1,797.8 4,436.9 P8-7 Part 2 2. Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash proceeds from disposals $ 3,036.0 million

The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Cost Aircraft Other fixed assets (summarized) Accumulated depreciation Aircraft Other fixed assets (summarized) Beginning of Year Additions Disposals End of Year 18,190.1 2,377.2 6,809.1 24,999.2 2,200.8 1,740.3 2,549.0 18,827.0 6,460.9 4,578.0 4,289.3 25,287.9 Beginning of Year Impairment Depreciation Loss End Disposals of Year 5,764.2 2,890.9 8,655.1 1,607.1 515.2 2,122.3 48.4 903.9 1.4 49.8 349.4 6,515.8 3,058.1 1,253.3 9,573.9 Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,208.6 Prior Year 2,552.2 Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) Cash generated from operations 2,122.3 49.8 (55.7) (1,527.2) 1,797.8 1,500.8 6.1 (42.1) 419.9 4,436.9 Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,208.6 Prior Year 2,552.2 Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) 2,122.3 49.8 (55.7) (1,527.2) 1,500.8 6.1 (42.1) 419.9 Cash generated from operations 1,797.8 4,436.9 P8-7 Part 2 2. Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash proceeds from disposals $ 3,036.0 million

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 24CE
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P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows LO8-5, 8-7

The ansers are not: 4233.6 nor 3036.0

The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Cost Aircraft Other fixed assets (summarized) Accumulated depreciation Aircraft Other fixed assets (summarized) Beginning of Year Additions Disposals End of Year 18,190.1 2,377.2 6,809.1 24,999.2 2,200.8 1,740.3 2,549.0 18,827.0 6,460.9 4,578.0 4,289.3 25,287.9 Beginning of Year Impairment Depreciation Loss End Disposals of Year 5,764.2 2,890.9 8,655.1 1,607.1 515.2 2,122.3 48.4 903.9 1.4 49.8 349.4 6,515.8 3,058.1 1,253.3 9,573.9 Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,208.6 Prior Year 2,552.2 Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) Cash generated from operations 2,122.3 49.8 (55.7) (1,527.2) 1,797.8 1,500.8 6.1 (42.1) 419.9 4,436.9
Transcribed Image Text:The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Cost Aircraft Other fixed assets (summarized) Accumulated depreciation Aircraft Other fixed assets (summarized) Beginning of Year Additions Disposals End of Year 18,190.1 2,377.2 6,809.1 24,999.2 2,200.8 1,740.3 2,549.0 18,827.0 6,460.9 4,578.0 4,289.3 25,287.9 Beginning of Year Impairment Depreciation Loss End Disposals of Year 5,764.2 2,890.9 8,655.1 1,607.1 515.2 2,122.3 48.4 903.9 1.4 49.8 349.4 6,515.8 3,058.1 1,253.3 9,573.9 Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,208.6 Prior Year 2,552.2 Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) Cash generated from operations 2,122.3 49.8 (55.7) (1,527.2) 1,797.8 1,500.8 6.1 (42.1) 419.9 4,436.9
Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,208.6 Prior Year 2,552.2 Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) 2,122.3 49.8 (55.7) (1,527.2) 1,500.8 6.1 (42.1) 419.9 Cash generated from operations 1,797.8 4,436.9 P8-7 Part 2 2. Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash proceeds from disposals $ 3,036.0 million
Transcribed Image Text:Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,208.6 Prior Year 2,552.2 Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) 2,122.3 49.8 (55.7) (1,527.2) 1,500.8 6.1 (42.1) 419.9 Cash generated from operations 1,797.8 4,436.9 P8-7 Part 2 2. Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash proceeds from disposals $ 3,036.0 million
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