Question
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Coronado Company at the end of 2022 are shown here. Equipment Beg. bal. 96,000 Disposals
The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Coronado Company at the end of 2022 are shown here.
Equipment | |||
---|---|---|---|
Beg. bal. | 96,000 | Disposals | 26,400 |
Acquisitions | 49,920 | ||
End. bal. | 119,520 | ||
Accum. Depr.Equipment | |||
Disposals | 6,120 | Beg. bal. | 53,400 |
Depr. exp. | 14,400 | ||
End. bal. | 61,680 |
In addition, Coronado Companys income statement reported a loss on the disposal of plant assets of $4,200. 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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