Question
The following data came from the balance sheet of Han Company as of December 31, 20X2. Dec. 31, 20X2Dec. 31, 20X1 Machine$3,500$2,950 Accumulated depreciation onmachines1,4001,300
The following data came from the balance sheet of Han Company as of December 31, 20X2.
Dec. 31, 20X2Dec. 31, 20X1
Machine$3,500$2,950
Accumulated depreciation onmachines1,4001,300
Cash135180
The following additional data were found in Han Company's financial statements for 20X2.
Sales............................................................$10,000
Cash dividendspaid...........................................65
New machines purchases (for cash)............... 1,000
Netincome.........................................................300
Depreciationexpense........................................270
Gain on sale of oldmachines.............................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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