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Here is selected financial statement data regarding a company's intangible assets. Balance Sheet: Intangible assets, net Dec 31, 2018 $ 700,000 Dec 31, 2017 $
Here is selected financial statement data regarding a company's intangible assets. Balance Sheet: Intangible assets, net Dec 31, 2018 $ 700,000 Dec 31, 2017 $ 339,000 Income Statement: Amortization expense Gain on sale of intangible assets 2018 $ 72,000 85,000 During the year, the company sold intangible assets and received $215,000 in cash proceeds for the sale. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of intangible assets" for $ Input number as is, without negative signs, brackets or parenthesis
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