Help Save & Exit Submit Equipment, beginning of year Equipment, end of year Accumulated depreciation, beginning of year Accumulated depreciation, end of year $340,000 420,000 190,000 184,900 Equipment with a cost of $20,000 and a book value of $6,000 was sold during the year for cash of $18,000. Additional equipment was purchased during the year for cash The company uses the indirect method in preparing the statement of cash flows. What is the amount of depreciation expense that will be reported in the operating activities section of the statement? Multiple Choice $8,000 O $22,000 $10,000 23 of 25