The T-accounts for Equipment and the related Accumulated Depreciation— Equipment for Gao Ltd. at the end of 2020 are shown here.

In addition, Gao’s income statement reported a loss on disposal of plant assets of HK$63,000. What amount was reported on the statement of cash fl ows as “cash flow from disposal of plant assets”?

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Equipment Accumulated Depreciation–Equipment 85,000 | Вeg. bal. Depr. exp. 800,000 Disposals Beg. bal. Acquisitions 220,000 Disposals 445,000 410,600 120,000 End. bal. 990,600 End. bal. 480,000