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Business, 03.12.2021 21:20 deasia45

determining cash flows from investing activities airco owns several aircraft and its balance sheet indicated the following amounts for its aircraft accounts: jan. 1 dec. 31 equipment, aircraft $22,250,000 $32,700,000 accumulated depreciation 13,125,000 13,900,000 book value $9,125,000 $18,800,000 required: 1. assume that airco did not sell any aircraft during the year. determine the amount of depreciation expense and the cash spent for aircraft purchases for the year.

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