Cash Flows from Investing Activities
During the year, equipment with a book value of $125,000 wassold for $175,000 (original purchase cost of $225,000). Newequipment was purchased.
Hayashi, Inc. provided the following comparative balancesheets:
Hayashi,Inc.Comparative Balance SheetsAt December 31, 2013 and 2014
Long-TermAssets
2013
2014
Plant and equipment
$1,000,000
$1,025,000
Accumulated depreciation
(500,000)
(525,000)
Land
500,000
696,750
Required:
Calculate the investing cash flows for the current year. Use aminus sign to indicate a cash outflow.$
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