Homework Help: investing

Posted by mb on Monday, May 10, 2010 at 11:14am.

Discount Sales sells some used store fixtures. The acquisition cost of the fixtures is $12,500, the accumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold for $4,500. The value of this transaction in the Investing section of the statement of cash flows is: $12,500
$4,500
$2,750
$1,750

investing - drwls, Monday, May 10, 2010 at 12:16pm
$1750 was income. The cost basis at the time of sale was $2750.

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