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Brief Exercise 17-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. Equipment 80,300
Brief Exercise 17-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. Equipment 80,300 Disposals Beg. bal 21,400 Acquisitions 44,400 End. bal 103,300 Accumulated Depreciation-Equipment 8,900 Beg. bal Disposals 49,400 Depr. exp 12,200 End. bal 52,700 In addition, Luo's income statement reported a loss on the disposal of plant assets of $6,900. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amount 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
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