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Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Tamarisk, Inc. at the end of 2022 are shown here. 30,800 Beg.
Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Tamarisk, Inc. at the end of 2022 are shown here. 30,800 Beg. bal. Acquisitions End. bal. Equipment 112,000 Disposals 58,240 139,440 Accum. Depr.-Equipment 7,140 Beg. bal. Depr. exp. End. bal. Disposals 62,300 16,800 71,960 In addition, Tamarisk, Inc.'s income statement reported a loss on the disposal of plant assets of $4,900. 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).) Cash flow from sale of equipment Click if you would like to Show Work for this question: Open Show Work
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