At January 2019 Casey Co had property, plant and equipment with a carrying amount of...

80.2K

Verified Solution

Question

Accounting

image
At January 2019 Casey Co had property, plant and equipment with a carrying amount of $180,000 in the year ended 31 December 2019 the company disposed of assets with coming amount of $60.000 for $50,000 The company revalued a building from $75,000 to $100.000 and charged depreciation for the year of $20.000. At the end of the year, the carrying amount of property, plant and equipment was $250.000 How much will be reported in the statement of cash flows for the you ended 31 December 2009 under the heading cash flows from investing activities? O $135.000 outflow Ob $125,000 ourfow Oc575.000 outflow Od $50,000 inflow

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students