Question
The T-accounts for Equipment and the related Accumulated Depreciation -Equipment for Concord Company at the end of 2022 are shown here. Equipment Beg. bal. 76,800
The T-accounts for Equipment and the related Accumulated Depreciation -Equipment for Concord Company at the end of 2022 are shown here.
Equipment
Beg. bal. 76,800 Disposals 20,800
Acquisitions 38.600
End. bal. 94.600
Accumulated Depreciation--Equipment
Disposals 5,800
Beg. bal. 47.200
Depr. exp. 13.400
End. bal. 54,800
In addition, Concord's income statement reported a loss on the disposal of plant assets of $3,800. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amount that decrease cash flow with either a - sign e.g.
-15.000 or in parenthesis e.g. (15,000).)
Cash flow from sale of equipment
$
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