The following information is from the noncurrent asset, Ask an Expert

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The following information is from the noncurrent asset portion of Randle Companys balance sheet. Dec. 31, 2013 Dec. 31, 2012 property, planr, and equipment $140,000 $125,000. Accumulated depreciation ($69,500) ($57,000). Long term investments $27,000 $15,000. The following activities occured during 2013: Spld equipment with an original cost of $8,000 and a book value of $2,500 for $2,000 cash. Depreciation expense for the year totaled $18,000. Purchased property for $23,000 cash. Purchased long term investments for $12,000 cash. What is the amount of cash used by investing activiteis?

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Financial Accounting, Accounting

Category:- Financial Accounting
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