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Q24. From the following information, Calculate Cash Flow from Investing Activities:
Particulars | Closing Balances (₹) | Opening Balances (₹) |
Machinery (At Cost) Accumulated Depreciation Patents | 10,00,000 1,50,000 2,00,000 | 9,50,000 1,10,000 3,00,000 |
Additional Information:
- During the year, machine costing ₹ 90,000 with accumulated depreciation of ₹ 60,000 was sold for ₹ 50,000.
- Patents written off were ₹ 50,000 while a part of patents were sold at a profit of ₹ 40,000.
SOLUTION:
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