Homework Answers
| Cash flow from investing activity | 20X2 | |
| Purchase of Land [2000000-2875000] | -875000 | |
| sale of equipment | 760000 | |
| Purchase of equipment | -860000 | |
| Net cash flow from investing activity | -975000 |
Working:
Purchase of equipment =Ending gross value of plant and equipment + Cost of plant and equipment sold - Beginning gross value of plant and equipment
= 4300000+960000-4400000
= 860000
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