ABC Ltd has provided the following information:
On April 1, 2018:
Machinery: ₹5,00,000
Accumulated Depreciation: ₹2,50,000
On March 31, 2019:
Question
ABC Ltd has provided the following information:
On April 1, 2018:
Machinery: ₹5,00,000
Accumulated Depreciation: ₹2,50,000
On March 31, 2019:
Machinery: ₹6,00,000
Accumulated Depreciation: ₹1,50,000
During the year Machine costing ₹2,50,000 (Depreciation charged ₹1,50,000) was sold for ₹1,30,000. Calculate cash flow from investing activities on the basis of the above information.