Question

The T-accounts for Equipment and the related Accumulated Depreciation Equip. for Coldsmith Company at the end of 2014 are shown here.


In addition, Coldsmith Company’s income statement reported a loss on the disposal of plant assets of $3,500. What amount was reported on the statement of cash flows as “cash flow from sale ofequipment”?


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  • CreatedApril 07, 2014
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