On its December 31st statement of financial position, LCG Company reported gross fixed assets of R6,500,000 and net fixed assets of R5,000,000.Depreciation for the year was R500,000.Net fixed assets a year earlier on December 31st, had been R4,700,000.What figure for "Cash Flows Associated with Long-Term Investments (Fixed Assets)" should LCG report on its Statement of Cash Flows for the current year?

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The Answer of On its December 31st statement of financial position, LCG Company reported gross fixed assets of R6,500,000 and net fixed assets of R5,000,000.Depreciation for the year was R500,000.Net fixed assets a year earlier on December 31st, had been R4,700,000.What figure for "Cash Flows Associated with Long-Term Investments (Fixed Assets)" should LCG report on its Statement of Cash Flows for the current year?

On Its December 31st Statement of Financial Position, LCG Company