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During the year, Murray Company sold equipment with a book value of $ 1 2 5 , 0 0 0 for $ 1 7 5

During the year, Murray Company sold equipment with a book value of $125,000 for $175,000(original purchase cost of $225,000).New equipment was purchased.Murray provided the following comparative balance sheets:Murray CompanyComparative Balance SheetsAt December 31,20X1 and 20X220X120X2Long-Term AssetsPlant and equipment$1,000,000$1,025,000Accumulated depreciation(500,000)Land500,000(525,000)686,750Required:Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow.12:07 PM4/17/2024

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