Three Statement Connections Challenge Question

[@JamesHemsley-nx2bg]

52.5k gross assets / 27.5k net assets at year end assuming the asset purchase is at year start and no amortisation of the debt. This ties up as equity must have started at 50k share capital. Deduct 2.5k finance cost, a 10k loss on asset disposal, and 10k depn. You get equity sat at 27.5k (50k shares and a -22.5k accumulated deficit) 50k cash b/f (25k) cash spent 50k asset capitalised (10k) straight line depn over 5y (2.5k) interest assumed in cash (40k) derecognise NBV of truck 30k cash on sale

[@ovyas8758]

What’s the easiest way to approach a question that involves all the statemenrs

[@lima5439]

27000 in only cash remaining