ment/takeAssignmentMain donwoker assignment takeAssignments Cash lows from Inves

Question

ment/takeAssignmentMain donwoker assignment takeAssignments Cash lows from Investing Activities During the year, equipment with a book value of $125,000 was sold for $175,000 (original purchase cost of $225,000). New cquipment was purchased. Murray Company provided the following comparative balance sheets: Murray Company Comparative Balance Sheets At December 31, 2015 and 2016 Long-Term Assets 2015 2016 Plant and equipment Accumulated depreciation (s00,000) (525,000) Land Required: Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow $1,000,000 $1,025,000 500,000 688,750 213,750 x Cheak My Work See Cornerstone 15-4 Learning Obiective 2 Check My Work 8 9 6 5

Explanation / Answer

Sale of Equipment 175000 Purchase of equipment -250000 =(1000000-225000)-1025000 Purchase of Land -188750 =500000-688750 Investing cash flows(outflow) -263750

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