Wednesday, August 17, 2011

Accounting Question Help Please! Statement of cash flows?

If you'll look at the information given, the cost of the equipment sold was $49,000 and the aculated depreciation on it was $30,000. That leaves a book value of $19,000. Since there was a loss of $8,000, the equipment must have been sold for $11,000. So that's what you put as your cash flow from the sale of equipment.

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