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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. 23,500
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. 23,500 Equipment Beg. bal. 80,500 Disposals Acquisitions 44,600 End. bal. 101,600 Accumulated Depreciation-Equipment Disposals 8,800 Beg. bal. Depr. exp. End. bal. 41,300 12,200 44,700 In addition, Luo's income statement reported a loss on the disposal of plant assets of $6,000. 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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