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Question - Goldson Ltd purchased an item of plant for £180,000 on 1 January 2018. The plant is to be depreciated on a 20% reducing balance basis.
Goldson Ltd sold the plant on 31 December 2021 and made a gain of £12,200 on disposal.
What is the amount of proceeds to be reported in the Statement of Cash Flows of Goldson Ltd for the year ended 31 December 2021?
A. £104,360
B. £61,528
C. £85,928
D. £71,182
Prepare the statement of cost of goods manufactured. Compute for a product cost assuming 800 units were manufactured
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