Question: SoCF effects for investing transaction with partial financing GIVEN: On Jan 2 , 2 0 2 5 STEEGMULLER purchased a PYROMAX 2 5 0 0
SoCF effects for investing transaction with partial financing
GIVEN: On Jan STEEGMULLER purchased a PYROMAX from Crenshaw Equipment for $ cash and a fiveyear, zerocoupon $ note. The machine had a cash sale price of $ STEEGMULLER depreciated the equipment using DDB $ salvage and a six year life. The accounting expense closely tracked the loss of economic value, so that BV approximated FV when, two years later, the company returned the equipment and paid $ cash in exchange for SEPULVEDA canceling the note.
REQUIRED: Calculate the effects of this transaction on STEEGMULLERS SoCF for fy
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