1. Questions

investing

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

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mb

  1. $1750 was income. The cost basis at the time of sale was $2750.

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    drwls

  2. 12500-9750=2750 what it is worth
    -4500 what is was sold for
    = gain of 1750

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    Mae

  4. 4500- the amount sold for

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    Mae

  5. 4500

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    Mae

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