Y1 Y2 8.00 Transactions for each year Useful life 1. Buy PP&E for cash 2. Depreciate PPE 3. Earn sales in cash 4. Sell PP&E for cash 88.00 0.00 11.00 11.00 25.00 25.00 NA 71.00 Y1_1 Y1_2 Y1_3 Y1_Sum Y2_2 Y2_3 Y2_4 Y2_Sum Changes in Balance Sheet Cash Gross PP&E Accumulated depreciation [Show increase as positive and decrease as negative.] Income Statement Sales Depreciation Gains (losses) Indirect Cash Flow Statement Depreciation (Gain) loss on sale of PP&E (Capital expenditure) (Put minus sign (-) before if subtracted] Proceeds from sale of PP&E Direct Operating Cash Flow Statement Cash received from customers