Acme School System placed a bus into service this year. The bus is 8-year property and cost $68,000.00. Salvage value = $0. Solve using the straight-line method Depreciation in the first
year was
O $6,500.00
O $8,500.00
O$9,500.00
O$10,500.00

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: