The JJ Ltd group has notional ledger account balances as follows. - Proceeds from sale of...

 

Transcribed Image Text:

The JJ Ltd group has notional ledger account balances as follows. - Proceeds from sale of machinery $50 000 - Carrying amount of machinery sold $34 000 - Depreciation expense $30 000 - Machinery at cost beginning $460 000 and ending $500 000 - Accumulated depreciation: beginning $150 000 and ending $172 000 What is the amount for cash purchase of machinery in the consolidated statement of cash flows? O A. $48.000. O B. $40 000. O C. $82 000. O D. $74 000. The JJ Ltd group has notional ledger account balances as follows. - Proceeds from sale of machinery $50 000 - Carrying amount of machinery sold $34 000 - Depreciation expense $30 000 - Machinery at cost beginning $460 000 and ending $500 000 - Accumulated depreciation: beginning $150 000 and ending $172 000 What is the amount for cash purchase of machinery in the consolidated statement of cash flows? O A. $48.000. O B. $40 000. O C. $82 000. O D. $74 000.

Answer rating: 100% (QA)

The Correct answer is Option C 82000 Fol... View the full answer