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CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 17-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020
CALCULATOR PRINTER VERSION BACK NEXT 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. 20,400 Equipment Beg. bal. 77,300 Disposals Acquisitions 42,000 End, bal 98,900 Accumulated Depreciation Equipment Disposals 8,000 Beg. bal. Depr. exp. End. bal. 43,500 10,600 46,100 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 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT SUBMIT
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