The following is an Equipment account and its associated Accumulated Depreciation account: Additional data: 1. Machine A
Question:
Additional data:
1. Machine A was sold at a gain of $900
2. Machine B was sold for its scrap value of $200
3. Machine C was acquired during the year
Required
Analyze the two accounts and show, in journal entry form, the entries that would be made in preparation of the statement of cash flows to reflect all of the changes listed in theaccounts.
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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