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Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation Equipment for Crane Company at the end of 2022 are shown here. 11,000
Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation Equipment for Crane Company at the end of 2022 are shown here. 11,000 Beg. bal. Acquisitions End. bal. Equipment 40,000 Disposals 20,800 49,800 Accum. Depr.-Equipment 2,550 Beg. bal. Depr. exp. End. bal. Disposals 22,250 6,000 25,700 In addition, Crane Company's income statement reported a loss on the disposal of plant assets of $1,750. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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