Question: Please update answer Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that delivery equipment, which cost

 Please update answer Reporting changes in Equipment on Statement of Cash

Please update answer

Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that delivery equipment, which cost $200,000 and on which accumulated depreciation totaled $60,000 on the date of sale, was sold for Using this information, indicate the items to be reported on the statement of cash flows Transaction $200,000 cost of equipment $60000 accumulated depreciation $132,500 sales price $7,500 loss on sale of equipment (assume the indirect method is used) 132,500 during the year Section of Statement of Cash Flows Added or Deducted Not applicable Not applicable Not shown on statement Not shown on statement Cash flows from investing activities Cash flows from operating activities Added Added

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