Question: Exercise 121 Your answer is partially correct. Try again. Milner Co. sold a machine that cost $72,000 and had a book value of $45,000 for
Exercise 121 Your answer is partially correct. Try again. Milner Co. sold a machine that cost $72,000 and had a book value of $45,000 for $95,000. Data from Milner's comparative balance sheets are: 12/31/18 12/31/17 Machinery $841,000 $691,000 Accumulated depreciation 193,000 126,000 Complete the cash flow statement below. (Show amounts that decrease cash flow with elther a - sign eg.-15,000 or in parenthesis e.g. (15,000).) Milner Co. Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash flows from operating activities Deprediation Expense 67000 Gain on Sale of Machinery (50000) 117000 Cash flows from investing activities Sale of Machinery 95000 Purchase of Machinery (262000) (167000) Click if you would like to Show Work for this question: Open Show Work
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