Question:A truck that originally cost $48,000 was sold for $11,000
cash. Accumulated depreciation up to the...
Question
A truck that originally cost $48,000 was sold for $11,000
cash. Accumulated depreciation up to the...
A truck that originally cost $48,000 was sold for $11,000
cash. Accumulated depreciation up to the date of the sale was
$34,000. A $3,000 loss was reported on the income statement. What
is the effect on the statement of cash flows?