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Question 2 of 3 -73 View Policies Current Attempt in Progress The T accounts for equipment and the related accumulated depreciation for Oriole Corporation are
Question 2 of 3 -73 View Policies Current Attempt in Progress The T accounts for equipment and the related accumulated depreciation for Oriole Corporation are as follows: Beg. bal. Beg. bal. Equipment 80,000 Purchases 41,600 Disposals 24,290 End. bal. 97,310 Accumulated Depreciation-Equipment 44,500 Disposals 5,090 Depreciation 12,500 End. bal. 51,910 In addition, Oriole's income statement reported a loss on the sale of equipment of $1,750. What will be reported on the cash flow statement with regard to the sale of equipment if Oriole uses the indirect method? (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Operating activities: Loss on sale of equipment $ Investing activities: Sale of equipment $
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