Question: Question 9. Tabular Co purchased a vehicle on 1 July 20X2 for $22,000. Tabular Co's policy is to depreciate vehicles on a straight line basis

Question 9. Tabular Co purchased a vehicle on 1 July 20X2

Question 9. Tabular Co purchased a vehicle on 1 July 20X2 for $22,000. Tabular Co's policy is to depreciate vehicles on a straight line basis over 4 years, with proportionate charges in partial years of ownership. On 1 October 20X4, Tabular Co sold the vehicle, making a profit on sale of $1,375. What amount should be included as a cash inflow from investing activities in relation to the vehicle for the year ended 31 December 20X4? O $11,000 O $6,875 O $1,375 O $23,375

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