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Allen Company bought a new copy machine to be depreciated straight line for three years for use by ...

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Allen Company bought a new copy machine to be depreciated straight line for three years for use by ...

Allen Company bought a new copy machine to be depreciated straight line for three years for use by sales personnel. Where would this purchase be reflected on the Statement of Cash Flows?

▸ It would be an addition to property, plant and equipment, so it would be an investing activity.

▸ It would be an expense on the income statement, so it would be reflected in operating cash flows.

▸ It would be an addition to cash, so would be reflected in the change in cash.

▸ None of the above answers is correct.

Textbook

Fundamentals of Corporate Finance

Edition: 2^nd

Authors: Berk, DeMarzo, Harford

Read 94 times

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