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The T accounts for equipment and the related accumulated depreciation for Oriole Corporation are as follows: Equipment Accumulated Depreciation-Equipment Beg. bal. 80,000 Beg. bal. 44,500
The T accounts for equipment and the related accumulated depreciation for Oriole Corporation are as follows: Equipment Accumulated Depreciation-Equipment Beg. bal. 80,000 Beg. bal. 44,500 Purchases 41,600 Disposals 24,290 Disposals 5,090 Depreciation 12,500 End. bal. 97,310 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 - signe.g.-15,000 or in parenthesis eg. (15,000.) $ Operating activities: Loss on sale of equipment Investing activities: Sale of equipment V $
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