Business, 05.05.2020 23:28 napoleonbrown
The Year 11 balance sheet of Cool Tools, Inc. reported the following fixed asset balances: LOADING...(Click the icon to view the fixed asset balances.) On January 1, Year 11, Cool Tools purchased fixed assets for $50,000 and sold fixed assets with an original cost of $18,000 and a book value of $6,000 for $10,000. Cool Tools made no other long-term asset purchases or sales during Year 11. What are the company's (1) net cash used in investing activities and (2) the amount of the depreciation adjustment to the operating section of its statement of cash flows prepared using the indirect method?
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The Year 11 balance sheet of Cool Tools, Inc. reported the following fixed asset balances: LOADING.....
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