The details can be worked out by preparing the respective accounts

a. Determine the cost and accumulated depreciation of the equipment sold during 20X4.
b. Determine the selling price of the equipment sold.
c. Show how the sale of equipment would appear on a statement of cash flows prepared by using the indirect method.

Equipment Balance_Beg $652,000 Sale of equip $405,000 $280,000 Purchase Balance_ End $527,000 $932,000 $932,000| Accu. Dep - Equipment Dep_Equ_sale $41,000 Balance_Beg $341,000 Dep Expense $41,000 Balance_End $341,000 $382,000 $382,000|