Question
Lucy Co. sold equipment that cost $205,000 and had a book value of $95,000 for $104,000. Data from Lucy's comparative balance sheets are: Machinery
Lucy Co. sold equipment that cost $205,000 and had a book value of $95,000 for $104,000. Data from Lucy's comparative balance sheets are: Machinery Accumulated depreciation 12/31/22 12/31/21 $935,000 $720,000 210,000 186,000 Required: Indicate what will be reported on the Statement of Cash Flow for the fiscal year ending December 31, 2022. Include (1) the transaction description, (2) the dollar amount and (3) whether that amount will be added or subtracted. Operating Activities (Indirect Method) Investing Activities $ S $
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