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Question 15 (3 points) The following data relates to Laurier Inc. for the year Opening cost of equipment $ 1000000 Opening accumulated depreciation of equipment
Question 15 (3 points) The following data relates to Laurier Inc. for the year Opening cost of equipment $ 1000000 Opening accumulated depreciation of equipment $ 450000 Purchases of equipment during the year $ 570000 Gain or Loss (-) on sale of equipment $ 6000 Depreciation expense for the year $ 12000 Ending cost of equipment $ 119000 Ending accumulated depreciation of equipment $ 15000 There were no other transactions impacting long term assets during the year, Calculate Investing Cash Flows for the year
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