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QS 12-9 (Algo) Computing investing cash flows LO P3 Indicate the effect each separate transaction has on investing cash flows. Note: Amounts to be deducted

image text in transcribed QS 12-9 (Algo) Computing investing cash flows LO P3 Indicate the effect each separate transaction has on investing cash flows. Note: Amounts to be deducted should be indicated with a minus sign. a. Sold a truck costing $48,000, with $25,200 of accumulated depreciation, for $11,200 cash. The sale results in a $11,600 loss. b. Sold a machine costing $13,800, with $9,600 of accumulated depreciation, for $8,200 cash. The sale results in a $4,000 gain. c. Purchased stock investments for $24,000 cash. The purchaser believes the stock is worth at least $33,200

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