The T-accounts for Equipment and the related Accumulated Depreciation Equipment for Ada Company at the end of
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In addition, Ada Companys income statement reported a loss on disposal of plant assets of $6,500. What amount was reported on the statement of cash flows as cash flow from disposal of plantassets?
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Accumulated Depreciation-Equipment Beg. bal. 80,000Disposals 22,000 Disposals 8,500 Beg. bal. 44,500 Depr. exp. 12,000 End.b 48,000 Equipment Acquisitions 41,600 End. b 99,600
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Original cost of equipment sold 22000 Less ...View the full answer
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Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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