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:

Question

Quizplus · Accepted Answer

The value of the transaction in the Investing section of the statement of cash flows is the selling price of the fixtures, which is $4,500. The acquisition cost and accumulated depreciation are not relevant for this section.

Discount Sales Sells Some Used Store Fixtures