carier
Jan 26, 2013, 05:36 PM
I am trying to figure this out for homework, but I don't understand it. Can anyone help please.
The following transactions occurred at the Lionel Corporation in 2010. Use this information to prepare Lionel's schedule of cash flows from investing activities. A) The company sold a used truck for $4,000 in cash. The original cost of the truck was $19,000. Depreciation of $14,000 had been deducted.B) The company purchased some new equipment for $25,000.
The following transactions occurred at the Lionel Corporation in 2010. Use this information to prepare Lionel's schedule of cash flows from investing activities. A) The company sold a used truck for $4,000 in cash. The original cost of the truck was $19,000. Depreciation of $14,000 had been deducted.B) The company purchased some new equipment for $25,000.