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Lucy Co. sold equipment that cost $205,000 and had a book value of $95,000 for $104,000. Data from Lucy's comparative ba
Posted: Mon May 02, 2022 7:30 am
by answerhappygod
- Lucy Co Sold Equipment That Cost 205 000 And Had A Book Value Of 95 000 For 104 000 Data From Lucy S Comparative Ba 1 (22.49 KiB) Viewed 22 times
Lucy Co. sold equipment that cost $205,000 and had a book value of $95,000 for $104,000. Data from Lucy's comparative balance sheets are: 12/31/22 12/31/21 Machinery $935,000 $720,000 Accumulated depreciation 210,000 186,000 Required: Indicate what will be reported on the Statement of Cash Flow for the fiscal year ending December 31, 2022. Include (1) the transaction description, (2) the dollar amount and (3) whether that amount will be added or subtracted. Operating Activities (Indirect Method) $ $ Investing Activities $ $