The following information was extracted from the records of Dolphin Ltd for the year ended 30 June
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Question:
The following information was extracted from the records of Dolphin Ltd for the year ended 30 June 20X1
Cost of equipment that was sold: $600,000
Accumulated depreciation for equipment that was sold: $270,000
Cost of equipment that was purchased: $550,000
Gain on sale of equipment: $40,000
Required:
Write in the box below the net cash used for investing activities for the year ended 30 June 20X1
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