The T accounts for plant assets and accumulated depreciation for FBR Company at the end of 20x3

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The T accounts for plant assets and accumulated depreciation for FBR Company at the end of 20x3 are as follows:

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In addition, FBR Company's income statement shows a gain on sale of plant assets of $4,400. Compute the amounts to be shown as cash flows from investing activities and show how they are to appear on the statement of cash flows.

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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Question Posted: Jun 13, 2024 02:08 AM

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The T accounts for plant assets and accumulated depreciation for FBR Company at the end of 20x3

Question:

Plant Assets Accumulated Depreciation Beg. Bal. Purchases 65,000 Disposals 33,600 23,000 Disposals 14,700 Beg. Bal. 34,500 Depreciation 10,200. End. Bal. 75,600 End. Bal. 30,000

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Financial Accounting

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