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The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Skysong, Inc. at the end of 2017 are shown here. Equipment 101,280 Disposals 52,666 126,094
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Skysong, Inc. at the end of 2017 are shown here. Equipment 101,280 Disposals 52,666 126,094 27,852 Beg. bal Acquisitions End. bal Accum. Depr.-Equipment 6,457 Beg. bal. 56,337 15,192 65,072 Disposals Depr. exp. End. bal In addition, Skysong, Inc.'s income statement reported a loss on the disposal of plant assets of $4,431. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts 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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