Question
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Ayayai Company at the end of 2022 are shown here. Equipment Beg. bal. 82,400 Disposals
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Ayayai Company at the end of 2022 are shown here.
Equipment | |||
---|---|---|---|
Beg. bal. | 82,400 | Disposals | 22,700 |
Acquisitions | 36,500 | ||
End. bal. | 96,200 | ||
Accumulated DepreciationEquipment | |||
Disposals | 5,500 | Beg. bal. | 46,800 |
Depr. exp. | 13,000 | ||
End. bal. | 54,300 |
In addition, Ayayais income statement reported a loss on the disposal of plant assets of $3,100. What amount was reported on the statement of cash flows as cash flow from sale of equipment? (Show amount 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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