The T-accounts for Equipment and the related Accumulated Depreciation Equip. for Coldsmith Company at the end of
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In addition, Coldsmith Companys income statement reported a loss on the disposal of plant assets of $3,500. What amount was reported on the statement of cash flows as cash flow from sale ofequipment?
Transcribed Image Text:
Equipment Accum. Depr.-Equip Beg. ba 80,000 Disposals 22,000 Disposals 5,100 Beg. ba 44,500 Acquisitions 41,600 Depr exp 12,000 End. ba 51,400 End. bal. 99,600
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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