The T accounts for Equipment and the related Accumulated Depreciation for Kimberlain Company at the end of
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In addition, Kimberlain Companys income statement reported a loss on the sale of equipment of $3,500. What amount was reported on the statement of cash flows as cash flow from sale ofequipment?
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Equipment Accumulated Depreciation Beg. ba 80,000 Disposals 22,0 Acquisitions 41,600 00 Disposals 5,500 Beg. ba. 44,500 Depr exp. 12,000 End. bal 99,600 End. ba 51,000
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Original cost of equipment sold 22000 L...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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