Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 12 - Statement of Cash Flows - Brief Exercises: BE12-8

Answer

Calculation of cash flows from sale of equipment: Cash flows from sale of equipment: Cost of the equipment sold - 22,000 dollars Less: Accumulated Depreciation - (5,500 dollars) Loss on sale of equipment - (3,500 dollars) Cash flows from sale of equipment - 13,000 dollars

Work Step by Step

The table indicates about the calculation of cash flows from the sales of equipment.
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