Question: Equipment that cost $ 4 6 0 , 0 0 0 and had a book value of $ 2 6 0 , 0 0 0

Equipment that cost $460,000 and had a book value of $260,000 was sold for $375,000. Data from the comparative balance sheets are:12/31/21Equipment12/31/20$3,600,000Accumulated Depreciation$2,760,0001,650,0001,425,000a. Compute the equipment purchased during 2021.b. Compute the net cash provided (used) by investing activities during 2021.

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