Question

For each of the following, give the financial statement on which it would appear:
1. Book value of fixed assets of $56,900
2. Proceeds from sale of fixed assets of $20,000
3. Loss on sale of fixed assets of $12,500
4. Accumulated depreciation on equipment of $10,000
5. Depreciation expense on equipment of $2,000
6. Impairment write off on assets of $45,000



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  • CreatedSeptember 01, 2014
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