BE14-7 The T accounts for Equipment and the related Accumulated Depreciation for Pettengill Company at the end

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BE14-7 The T accounts for Equipment and the related Accumulated Depreciation for Pettengill Company at the end of 2008 are shown here.

Equipment Accumulated Depreciation Beg. bal.

Acquisitions 80,000 41,600 Disposals 22,000 Disposals 5,500 Beg. bal.

Depr. exp.

44,500 12,000 End. bal. 99,600 End. bal. 51,000 Calculate free cash flow.

In addition, Pettengill Company’s income statement reported a loss on the sale of equipment of $5,500. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?

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Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Aug 30, 2024 09:02 AM

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BE14-7 The T accounts for Equipment and the related Accumulated Depreciation for Pettengill Company at the end

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Financial Accounting

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