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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. Beg. bal.
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. Beg. bal. Acquisitions End. bal. Equipment 82,400 Disposals 36.500 96,200 22,700 quipment Disposals 8,500 Beg. bal. 46,800 13,000 51,300 End. bal. In addition, Luo ncome statement reported a loss on the disposal of Plant assets of $6 100. What amount was reported on the statement of cash flow 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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