Page 520 - AAAXII

M.498 An Aid to Accountancy—CBSE XII

(i) A piece of machinery costing ` 50,000 on which depreciation of ` 20,000 had
been charged was sold for ` 10,000. Depreciation charged during the year was
` 18,000.
(ii) Income Tax ` 23,000 was paid during the year.
(iii) Dividend paid during the year was ` 36,000.
(iv) During the year, Non-current Investments were sold at a profit of 20% which
is transferred to Capital Reserve. Book value of investment sold ` 10,000.
(b) From the following information, calculate Cash Flow from Investing Activities:

Particulars 31st March, 2018 31st March, 2017
` `

Machinery (At Cost) 4,10,000 2,50,000
Accumulated Depreciation 90,000 60,000
Additional Information: During the year, a machine costing ` 80,000 with its
accumulated depreciation of ` 50,000 was sold at a profit of 20%. (4 + 2)