Calculate Cash Flow from Investing Activities from the following information: Machinery costing ₹ 5,00,000 (Book Value ₹ 3,50,000) was sold at a loss of 10%
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Solution:- (i) Inflow from sale of plant ₹ 35,000 and outflow on purchase of plant ₹ 3,65,000 will be reported under the ‘Cash flow from investing activities’. (ii) Loss on sale of plant ₹ 40,000 and current year’s depreciation ₹…
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