The T-accounts for Equipment and the related Accumulated Depreciation Equipment for Ada Company at the end of 2014 are shown here. 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 plant assets?
Chapter 13, Brief Exercises #7
The T-accounts for Equipment and the related Accumulated Depreciation— Equipment for Ada Company at the end of 2014 are shown here.
In addition, Ada Company’s 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 plant assets”?
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