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Question 32 of 35 - 75 The T accounts for equipment and the related accumulated depreciation for Sandhill Corporation are as follows: Beg. bal. Purchases
Question 32 of 35 - 75 The T accounts for equipment and the related accumulated depreciation for Sandhill Corporation are as follows: Beg. bal. Purchases Equipment 80,000 41,600 Disposals 98,310 Accumulated Depreciation Equipment Beg. bal. 44,500 Disposals 5,950 Depreciation 11,360 End. bal. 49,910 23,290 End. bal. In addition, Sandhill's income statement reported a loss on the sale of equipment of $1,610. What will be reported on the cash flow statement with regard to the sale of equipment if Sandhill 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: TA Investing activities: $ O Type here to search a w 1
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