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Haveaproblemfiguringoutaroundequipmenttransactionandcashflowreporting. Theproperty,plant,andequipmentsectionofProCompInc.'scomparativebalancesheetfollows: Dec.31,20X4 Dec.31,20X3 Property,plant,&equipment Land $94,000 $94,000 Equipment 652,000 527,000 Less:Accumulateddepreciation (316,000) (341,000) Newequipmentpurchasedduring20X4totaled$296,000.The20X4incomestatementdisclosedequipmentdepreciationexpenseof$44,000anda$9,000lossonthesaleofequipment. Determinethecostandaccumulateddepreciationoftheequipmentsoldduring20X4. Determinethesellingpriceoftheequipmentsold. Showhowthesaleofequipmentwouldappearonastatementofcashflowspreparedbyusingtheindirectmethod. these are the answers I got. Can

  1. Haveaproblemfiguringoutaroundequipmenttransactionandcashflowreporting.
  3. Theproperty,plant,andequipmentsectionofProCompInc.'scomparativebalancesheetfollows:
    Dec.31,20X4 Dec.31,20X3
    Property,plant,&equipment
    Land $94,000 $94,000
    Equipment 652,000 527,000
    Less:Accumulateddepreciation (316,000) (341,000)
    Newequipmentpurchasedduring20X4totaled$296,000.The20X4incomestatementdisclosedequipmentdepreciationexpenseof$44,000anda$9,000lossonthesaleofequipment.
    2. Determinethecostandaccumulateddepreciationoftheequipmentsoldduring20X4.
    3. Determinethesellingpriceoftheequipmentsold.
    4. Showhowthesaleofequipmentwouldappearonastatementofcashflowspreparedbyusingtheindirectmethod.

these are the answers I got. Can you let me know what you got?

Cost of equipment sold

171000

Accumulated depreciation of sold equipment

69000

Selling price of equipment sold

80000

Sale of equipment on cash flow statement

93000

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