The T-accounts for Equipment and the related Accumulated Depreciation Equipment for Ada Company at the end of

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The T-accounts for Equipment and the related Accumulated Depreciation—

Equipment for Ada Company at the end of 2014 are shown here.

Equipment Accumulated Depreciation—Equipment Beg. bal. 80,000 | Disposals 22,000 Disposals 8,500 | Beg. bal. 44,500 Acquisitions 41,600 Depr. exp. 12,000 End. bal. 99,600 End. bal. 48,000 In addition, Ada Company's income statement reported a loss on disposal of plant assets of $6,500. What amount was reported on the statement of cash flows as “cash flow from disposal of plant assets”?

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Financial Accounting

ISBN: 9780470929384

8th Edition

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

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