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How much cash did han company receive from the sale

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Question - The following data came from the balance sheet of Han Company as of December 31, 20X2.

Dec. 31, 20X2 Dec. 31, 20X1

Machine $3,500 $2,950

Accumulated depreciation on machines 1,400 1,300

Cash 135 180

The following additional data were found in Han Company's financial statements for 20X2.

Sales $10,000

Cash dividends paid 65

New machines purchases (for cash) 1,000

Net income 300

Depreciation expense 270

Gain on sale of old machines 210

Required - How much cash did Han Company receive from the sale of old machines during the year?

Reference no: EM132534264

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