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How to write the net cash used for investing activities

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Reference no: EM132570340

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

Cost of equipment that was sold: $600,000

Accumulated depreciation for equipment that was sold: $270,000

Cost of equipment that was purchased: $550,000

Gain on sale of equipment: $40,000

Required:

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

Reference no: EM132570340

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