Reporting Changes in Equipment on Statement of Cash Flows

Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $202,500 and on which accumulated depreciation totaled $84,375 on the date of sale, was sold for $101,250 during the year Using this information, indicate the items to be reported on the statement of cash flows. Transaction $202,500 cost of office equipment $84,375 accumulated depreciation $101,250 sales price $16,875 loss on sale of equipment (assume the indirect method is used) Section of Statement of Cash Flows Added or Deducted