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The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for QCC Company At the end of 2017 are shown here. Equipment Accumulated Depreciation-Equipment Beg.
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for QCC Company At the end of 2017 are shown here. Equipment Accumulated Depreciation-Equipment Beg. Bal. 80,000 Disposals 24,000 Disposals 6.000 Beg. Bal. 44,500 Acquisitions 45.000 End. Bal. 101,000 Depr. Exp. End. Bal. 15,000 53.500 In addition, QCC Company's income statement reported a gain on disposal of equipment of $5,000. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"?
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