Equipment with an original cost of $140,000 and accumulated depreciation of $130,000 was sold for $12,000 cash . What amount of this transaction will be reported as an investing activity on the statement of cash flows?
Frequently Asked Questions
What scientific concept do you need to know in order to solve this problem?
Our tutors have indicated that to solve this problem you will need to apply the Investing Activities concept. You can view video lessons to learn Investing Activities. Or if you need more Investing Activities practice, you can also practice Investing Activities practice problems.
What is the difficulty of this problem?
Our tutors rated the difficulty ofEquipment with an original cost of $140,000 and accumulated ...as low difficulty.