The T accounts for Equipment; Accumulated Depreciation, Equipment; and Loss on Disposal of Property and Equipment for
Question:
New equipment was bought for cash, and the used equipment was sold for cash. Compute the amounts to be included on the statement of cash flows and indicate where these amounts should beshown.
Transcribed Image Text:
Equipment Accumulated Depreciation Equipment Beg. Bal 75,600 Disposa 16200 Disposal Purchases 24,300 End. Bal. 83,700 8,100 Beg. Bal 55,800 Adjusting 12,600 End. B 60,300 Loss on Disposal of Property and Equipment Disposal 5400
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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