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The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Luo Company at the end of 2017 are shown here. Equipment Beg. bal. 77,300 Disposals
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Luo Company at the end of 2017 are shown here.
Equipment | |||
Beg. bal. | 77,300 | Disposals | 20,400 |
Acquisitions | 42,000 |
| |
End. bal. | 98,900 |
| |
Accumulated DepreciationEquipment | |||
Disposals | 8,000 | Beg. bal. | 43,500 |
| Depr. exp. | 10,600 | |
| End. bal. | 46,100 |
In addition, Luo Companys income statement reported a loss on the disposal of equipment of $6,000. What amount was reported on the statement of cash flows as cash flow from sale of equipment?
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