Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that delivery equipment, which cost $200,000 and on which accumulated depreciation totaled $60,000 on the date of sale, was sold for $132,500 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transaction Section of Statement of Cash Flows Added or Deducted $200,000 cost of equipment $60000 aotumulated depreciation $132,500 sales price $7,500 loss on sale of equipment (assume the indirect method is used)
Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that delivery equipment, which cost $200,000 and on which accumulated depreciation totaled $60,000 on the date of sale, was sold for $132,500 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transaction Section of Statement of Cash Flows Added or Deducted $200,000 cost of equipment $60000 aotumulated depreciation $132,500 sales price $7,500 loss on sale of equipment (assume the indirect method is used)
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Reporting changes in Equipment on Statement of Cash Flows
An analysis of the general ledger accounts indicates that delivery equipment, which cost $200,000 and on which accumulated depreciation
totaled $60,000 on the date of sale, was sold for $132,500 during the year.
Using this information, indicate the items to be reported on the statement of cash flows.
Transaction
Section of Statement of Cash Flows
Added or Deducted
$200,000 cost of equipment
$60000 abcumulated depreciation
$132,500 sales price
$7,500 loss on sale of equipment
(assume the indirect method is used)
10
W
2/2
DI
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Cash flow statement shows the changes in the cash and cash equivalents of the organisation during the accounting period.
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