Company A had the following account balances on its balance sheets at December 31, 2016 and 2015, respectively:

12/31/16 12/31/15

Fixed Assets $80,000 $67,000

Accumulated Depreciation 44,000 39,000

Depreciation expense for 2016 was $7,000. There were no gains or losses on the 2016 income statement. One fixed asset with an original cost of $8,000 was sold during 2016. What would be the net cash flow from investing activities for Company A in 2016?

Answer rating: 100% (QA)

To calculate the net cash flow from investing activities for Company A in 2016 we need to consider t... View the full answer