The T accounts for plant assets and accumulated depreciation for Street Company at the end of 2014
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In addition, Streets 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 appear on the statement of cashflows.
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Plant Assets Accumulated Depreciation Dr. Dr. Cr Cr Beg. B 130,000 Disposals 46,000 Disposals 29400 Beg. Bal. Purchases 67,200 End. Bal. 151,200 69,000 Depreciation 20,400 60,000 End. Bal.
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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