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RX Mention the net amount of 'Source' or 'Use' in a cash flow statement when a fixed asset having book value of 2,00,000 and accumulated depreciation of 1,20,000 is sold at a loss of 25% on cost : (A) Use 20,000 (B) Source 1,50,000 (C) Use 50,000 (D)Source 60,000 |
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Answer» The answer is source 150000book value of FIXED assets 200000(-) loss on SALE. 200000×25% 50000 amount RECEIVED. 150000 |
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