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Selected accounts from the SFP of Lexy Limited at 31 December 20X7 and 20x6 are presented below. During the year, equipment with an original cost
Selected accounts from the SFP of Lexy Limited at 31 December 20X7 and 20x6 are presented below. During the year, equipment with an original cost of $151,000 and net book value of $64,300 was sold at a loss of $11,400. Other equipment was purchased for cash. 20X6 As at 31 December Equipment Accumulated depreciation, equipment 20X7 $303,800 (129,100) 174,700 $174,700 (114,000) 60,700 Required: List the items that would be included in the SCF from these accounts for 20x7. Assume indirect method is used to calculate operating activities section. What was the total cash outflow for new equipment? Choose... . received for the sale of old What was the total ca equipment? $52,900 What was the total amount of depreciation expense incurred? $101,800 . What was the reduction in accumulated depreciation from the sale of equipment? $129,100 . pleaca nu
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