The income statement shows a net income of Rs. 75,000. This includes a gain from amortisation of goodwill. Purchase of equipment amounted to Rs. 31,000 for the sale of equipment of Rs. 3,000. A deduction of Rs. 4,000 has been made for the 31-12-80 Rs. 31-12-81 Ra. 1,25,000 1,50,000 Plant& Equipment (at cost) 10,000 17,500 Less: Accumulated depreciation 1,15,000 1,32,500 amortisation of goodwill. Purchase of equipment amounted to Rs. 31.000 for e year and depreciation charged amounted to Rs. 12,000 for the year. Calculate funds from operations.
The income statement shows a net income of Rs. 75,000. This includes a gain from amortisation of goodwill. Purchase of equipment amounted to Rs. 31,000 for the sale of equipment of Rs. 3,000. A deduction of Rs. 4,000 has been made for the 31-12-80 Rs. 31-12-81 Ra. 1,25,000 1,50,000 Plant& Equipment (at cost) 10,000 17,500 Less: Accumulated depreciation 1,15,000 1,32,500 amortisation of goodwill. Purchase of equipment amounted to Rs. 31.000 for e year and depreciation charged amounted to Rs. 12,000 for the year. Calculate funds from operations.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The follwing data are taken from the annual report of vasanth ltd.
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