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The T accounts for Equipment and the related Accumulated DepreciationEquipment for Ada Company at the end of 2012 are shown here. Equipment Accumulated DepreciationEquipment Beg.
The T accounts for Equipment and the related Accumulated DepreciationEquipment for Ada Company at the end of 2012 are shown here. Equipment Accumulated DepreciationEquipment Beg. bal. 80,000 Disposals 22,000 Disposals 5,500 Beg. bal. 44,500 Acquisitions 41,600 Depr. exp. 12,000 End. bal. 99,600 End. bal. 51,000 In addition, Ada Company's income statement reported a loss on the sale of equipment of $5,500. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"?
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