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Find the net cash used for investing activities for the year

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Reference no: EM132555793

The following information was extracted from the records of Dolphin Ltd for the year ended 30 June 20X1

Cost of equipment that was sold: $530,000

Accumulated depreciation for equipment that was sold: $310,000

Cost of equipment that was purchased: $510,000

Gain on sale of equipment: $50,000

Required:

Question 1: Write in the box below the net cash used for investing activities for the year ended 30 June 20X1.

Reference no: EM132555793

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