Cash Flows from
Investing Activities
During the year,
Hayashi, Inc. sold equipment with a book value of $125,000 for
$175,000 (original purchase cost of $225,000). New equipment was
purchased.
Hayashi provided the
following comparative balance sheets:
Hayashi, Inc.
Comparative Balance Sheets
At December 31, 20X1 and 20X2
20X1
20X2
Long-Term Assets
Plant and equipment
$1,000,000
$1,025,000
Accumulated depreciation
(500,000)
(525,000)
Land
500,000
711,750
Required:
Calculate the
investing cash flows for the current year. Use a minus sign to
indicate a...