Solved: The fixtures are sold for 4683 determine the amount of cash, Accounting Basics

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The fixtures are sold for 4683 determine the amount of cash

Question - Mega Sales sells some of its used store fixtures. The acquisition cost of the fixtures is $13,209, the accumulated depreciation on these fixtures is $9,014 at the time of sale. The fixtures are sold for $4,683. Determine the amount of cash flows from investing activities on the statement of cash flows.

$4,195

$-488

$4,683

$13,209

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Accounting Basics: The fixtures are sold for 4683 determine the amount of cash

Reference No:- TGS02908655

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Accounting Basics: The fixtures are sold for 4683 determine the amount of cash

Reference No:- TGS02908655

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