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The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Metlock, Inc. at the end of 2017 are shown here. Equipment Beg. bal.110,720 Disposals30,448 Acquisitions57,574
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Metlock, Inc. at the end of 2017 are shown here.
Equipment
Beg. bal.110,720
Disposals30,448
Acquisitions57,574
End. bal.137,846
Accum. Depr.Equipment
Disposals7,058
Beg. bal.61,588
Depr. exp.16,608
End. bal.71,138
In addition, Metlock, Inc.'s income statement reported a loss on the disposal of plant assets of $4,844. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"?
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