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The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Oriole Company at the end of 2019 are shown here. Equipment Beg. bal. 75,600 Disposals
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Oriole Company at the end of 2019 are shown here.
Equipment | |||||
| Disposals 21,800 | ||||
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End. bal. 48,200 |
In addition, Oriole Companys income statement reported a loss on the disposal of plant assets of $7,000. What amount was reported on the statement of cash flows as cash flow from sale of equipment? (Show an amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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