Question
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Bonita Company at the end of 2022 are shown here. Equipment Beg. bal. 72,000 Disposals
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Bonita Company at the end of 2022 are shown here. Equipment Beg. bal. 72,000 Disposals 19,800 Acquisitions 37,440 End. bal. 89,640 Accum. Depr.Equipment Disposals 4,590 Beg. bal. 40,050 Depr. exp. 10,800 End. bal. 46,260 In addition, Bonita Companys income statement reported a loss on the disposal of plant assets of $3,150. 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 $enter cash flow from sale of equipment in dollars
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