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DC BE13-7 The T-accounts for Equipment and the related Accumulated Depreciation- Determin sale of eq (LO 2), A Equipment for Luo Company at the end
DC BE13-7 The T-accounts for Equipment and the related Accumulated Depreciation- Determin sale of eq (LO 2), A Equipment for Luo Company at the end of 2017 are shown here. Equipment 80,000 Disposals 22,000 Disposals Accumulated Depreciation-Equipment Beg. bal. Acquisitions 41,600 End. bal. 5,500 Beg. bal. 44,500 Depr. exp. 12,000 99,600 End. bal. 51,000 In addition, Luo Company's income statement reported a loss on the disposal of equipment of $6,500. What amount was reported on the statement of cash flows as "cash flow from sale of equipment
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