Paper Details
Trail Corporation’s beginning Property, Plant, and Equipment balance, net of accumulated amortization, was $200,000, and the ending amount was $180,000. Trail Corporation recorded amortization of $35,000 and sold property, plant, and equipment with a book value of $10,000. How much cash did Trail Corporation pay to purchase property, plant, and equipment during the period? Where on the cash flow statement should Trail Corporation report this item?
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