Homework Answers
| Item | Section of Statement of Cash Flows | Added or Deducted | Amount |
| Mar,12: Purchase of fixed asset | Investing activity | Deducted | 134,300 |
| Oct,4: Sale of fixed asset | Investing activity | Added | 106,800 |
| Gain on sale of fixed asset | Operating activity | Deducted | 17,400 |
Gain on sale of fixed asset = Sale price - Book value
= 106,800-89,400
= $17,400
Kindly comment if you need further assistance. Thanks‼!
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