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Keisler Corporation reports: 2016 2017 Equipment, December 31 $10,000 $20,000 Accumulated depreciation, December 31 ($5,000) ($7,000) Depreciation Expense of Equipment $5,000 Gain on disposal of
Keisler Corporation reports: 2016 2017 Equipment, December 31 $10,000 $20,000 Accumulated depreciation, December 31 ($5,000) ($7,000) Depreciation Expense of Equipment $5,000 Gain on disposal of Equipment $2,000 During 2017, Keisler sold equipment which has original cost of $5,000. Additional purchase of equipment in 2017 was paid in cash. No other investing activities are reported in 2017. What is cashflows by investing activities in 2017? Group of answer choices
$(10,000).
$4,000.
$(8,000).
$(11,000).
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