Question
QUESTION 17 The following data came from the balance sheet of Han Company as of December 31, 20X2. Dec. 31, 20X2 Dec. 31, 20X1 Machine
QUESTION 17 The following data came from the balance sheet of Han Company as of December 31, 20X2. Dec. 31, 20X2 Dec. 31, 20X1 Machine $3,500 $2,950 Accumulated depreciation on machines 1,400 1,300 Cash 135 180 The following additional data were found in Han Companys financial statements for 20X2. Sales............................................................ $10,000 Cash dividends paid........................................... 65 New machines purchases (for cash)............... 1,000 Net income......................................................... 300 Depreciation expense........................................ 270 Gain on sale of old machines............................. 210 How much cash did Han Company receive from the sale of old machines during the year? (Assume that all machine sales were cash transactions.) Write the dollar amount of your answer. (Do not write the dollar sign.)
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