Question
Use the following information to answer the question: What was the book value of equipment sold during 2016? 2015 2016 Balance sheet information PP&E 1,975
Use the following information to answer the question: What was the book value of equipment sold during 2016?
2015 2016
Balance sheet information
PP&E 1,975 1,870
Accumulated Depreciation (750) (950)
Statement of CF information
+Depreciation Expense 430 450
Capital Expenditures 400 600
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
