The T accounts for Equipment and the related Accumulated Depreciation for Perkins Company at the end of
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The T accounts for Equipment and the related Accumulated Depreciation for Perkins Company at the end of 2011 are shown here.
In addition, Perkins Company’s income statement reported a loss on the sale of equipment of $4,500. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?
Transcribed Image Text:
Equipment Accumulated Depreciation Beg. b 80,000 Disposals 22,000 Disposals 5,500 Beg. ba 44,500 Acquisitions 41,600 Depr exp. 2,000 End. b 51,000 End. ba 99,600
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Original cost of equipment sold 22000 LessAc...View the full answer
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Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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