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Jamestown Ltd balance of non-current assets total was $7.5 million at 1 January 2016 and closing balance was $6.4 million at 31 December 2016. These balances do not have accumulated depreciation deducted. Current period depreciation expense was $975,000. Opening balance of all accumulated depreciation accounts at 1 january 2016 totalled $3 million. At 1 January 2016 there was a sale of buildings for cash of $200,000 and the original cost of the buildings was $840,000.

find out the investing cash flows - assuming there were no other non-current assets sold during the period or revalued. Show all working.

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Category:- Accounting Basics
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