Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

The T-accounts for Equipment and the related Accumulated Depreciation—Equip. for Coldsmith Company at the end of 2014 are shown here.EquipmentBeg....

The T-accounts for Equipment and the related Accumulated Depreciation—Equip. for Coldsmith Company at the end of 2014 are shown here.

Equipment

Beg. bal.

155,120

Disposals

42,658

Acquisitions

80,662

End. bal.

193,124

Accum. Depr.—Equip.

Disposals

9,889

Beg. bal.

86,286

Depr. exp.

23,268

End. bal.

99,665

In addition, Coldsmith Company’s income statement reported a loss on the disposal of plant assets of $6,787. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?

Cash flow from sale of equipment

$

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question