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Brief Exercise 13-7 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end 2017 are shown here. Equipment 80.300 Disposals
Brief Exercise 13-7 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end 2017 are shown here. Equipment 80.300 Disposals Beg. bal 21,900 43.200 Acquisitions .... 101,600 Accumulated Depreciation-Equipment End. bal. 8,000 Beg. bal. Depr. exp End. bal. Disposals 43,200 13,400 48,600 In addition, Luo Company's income statement reported a loss on the disposal of equipment of $6,900. What amount was reported on the statement equipment"? (Show an amount that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) cash flows as "cash flow from sale of Cash flow from sale of equipment
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