Current Attempt in Progress

The T accounts for equipment and the related accumulated depreciation for$$Crane$$Corporation are as follows:

Equipment

Beg. bal. $71,000$

Purchases $36,920$ Disposals $21,300$

End. bal. $86,620$

Accumulated Depreciation$$Equipment

Beg. bal. $39,500$

Disposals $4,880$ Depreciation $10,650$

End. bal. $45,270$

In addition,$$Crane$$s income statement reported a loss on the sale of equipment of $$1,330.$ What will be reported on the cash flow statement with regard to the sale of equipment if$$Crane$$uses the indirect method?$($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

Operating activities:

select an item$$ $enter a dollar amount$$

Investing activities:

select an item$$ $enter a dollar amount$$

eTextbook and Media

Save for Later

Attempts: $2$ of $3$ used

Submit Answer