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Chapter 17
Example T-account working to derive missing information
Disposal of NCA
Date Details $ Date Details $
Carrying amount X Bal b/fwd Cash received X
Part-ex received X
In year Profit – SP&L X In year Loss – SP&L X
––– –––
X X
––– –––
Cash received will be an ‘investing activity’ cash inflow, whilst the profit or loss on
disposal will be an adjustment to profit before tax within ‘operating activities’.
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