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From the comparative Statement of Financial Position you have the following information: Current Year Previous Year * Accumulated Depreciation - Equipment (50,000) (30,000) * No
From the comparative Statement of Financial Position you have the following information:
| Current Year | Previous Year |
* Accumulated Depreciation - Equipment | (50,000) | (30,000) |
* No equipment was sold or purchased.
Explain how is this information used in a Statement of Cash Flows.
Your answer should cover the following points:
1. In which section of the Statement of Cash Flows will this information appear?
2. What value will appear?
3. Why?
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