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The Taccounts for equipment and the related accumulated depreciation for Ivanhoe Corporation are as follows: Equipment Beg. bal. 80,000 Purchases 41,600 Disposals 23,640 End. bal.
The Taccounts for equipment and the related accumulated depreciation for Ivanhoe Corporation are as follows: Equipment Beg. bal. 80,000 Purchases 41,600 Disposals 23,640 End. bal. 97,960 Accumulated Depreciation-Equipment Beg. bal. 44,500 Disposals 5,370 Depreciation 11,150 End. bal. 50,280 In addition, Ivanhoe's income statement reported a loss on the sale of equipment of $1,180. What will be reported on the cash flow stateme Ivanhoe uses the indirect method? (Show amounts that decrease cash flow with either a signes. 15,000 or in parenthesis es. (15,0001) Operating activities: Investing activities
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