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Business, 22.02.2020 05:28 barboursj

Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.) Sold a truck costing $41,500, with $22,600 of accumulated depreciation, for $8,600 cash. The sale results in a $10,300 loss. Sold a machine costing $11,200, with $8,300 of accumulated depreciation, for $5,600 cash. The sale results in a $2,700 gain. Purchased stock investments for $16,300 cash. The purchaser believes the stock is worth at least $30,600.

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