Beginning Equipment = $764,000, Ending Equipment = $747,000 Beginning Accumulated Depreciation = $195,000, Ending A/D = $247,000 You purchased new equipment during the year paying $65,000 cash You sold old equipment during the year which had a book value of $22,000 and you had a gain of $4,000 on the transaction

a) What was the original cost of the old equipment you sold?

b) What was depreciation expense for the year?

c) How much cash did you receive when you sold the old equipment?

d) In which section of the SCF will that number appear? 

e) You had a gain of $4,000 on the transaction, in which section of the SCF will that appear and will it be a subtraction or an add-back?