The T accounts for Plant Assets and Accumulated Depreciation for DOT Company at the end of 2011

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The T accounts for Plant Assets and Accumulated Depreciation for DOT Company at the end of 2011 are as follows:

In addition, DOT Company’s income statement shows a gain on sale of plant assets of $8,800. Compute the amounts to be shown as cash flows from investing activities and show how they are to appear on the statement of cash flows.

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Financial Accounting

ISBN: 978-0538476010

11th edition

Authors: Belverd E. Needles, Marian Powers

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Question Posted: Sep 10, 2014 11:44 AM

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The T accounts for Plant Assets and Accumulated Depreciation for DOT Company at the end of 2011

Question:

PLANT ASSETS ACCUMULATED DEPRECIATION Beg. Bal Purchases End. Bal. 6s,000 Depreclation 20,400 60,000 130,00C Disposals 46,000 Disposals 29,400 Beg. Bal. 67,.20C 151.200 End. Bal.

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a T account shows total purchases of plant assets of 67200 which is an outflow of c...View the full answer

Financial Accounting

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