vDuring 2021 equipment was sold for $74,000. This equipment cost
$112,000 and had a book value of $69,700. Accumulated depreciation
for equipment was $323,300 at 12/31/20 and $306,200 at
12/31/21.
Complete the cash flow statement below: (Show amounts
that decrease cash flow with either a - sign e.g. -15,000 or in
parenthesis e.g. (15,000).)
Partial Statement of Cash Flows (Indirect
Method) |
||
Cash flows from operating activities |
||
Sale of EquipmentPurchase of EquipmentDepreciation ExpenseLoss on Sale of EquipmentGain on Sale of Equipment |
$ |
|
Purchase of EquipmentGain on Sale of EquipmentSale of EquipmentLoss on Sale of EquipmentDepreciation Expense |
||
Cash flows from investing activities |
||
Loss on Sale of EquipmentPurchase of EquipmentDepreciation ExpenseSale of EquipmentGain on Sale of Equipment |
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