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Indicate the effect each separate transaction

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Question - Indicate the effect each separate transaction has on investing cash flows.

Sold a truck costing $48,000, with $25,200 of accumulated depreciation, for $11,200 cash. The sale results in a $11,600 loss.

Sold a machine costing $13,800, with $9,600 of accumulated depreciation, for $8,200 cash. The sale results in a $4,000 gain.

Purchased stock investments for $17,600 cash. The purchaser believes the stock is worth at least $33,200.

Reference no: EM132953110

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