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The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Novak Corp. at the end of 2017 are s
Posted: Sun Jul 03, 2022 4:13 pm
by answerhappygod
- The T Accounts For Equipment And The Related Accumulated Depreciation Equipment For Novak Corp At The End Of 2017 Are S 1 (100.3 KiB) Viewed 12 times
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Novak Corp. at the end of 2017 are shown here. Beg. bal. Acquisitions End. bal. Disposals Equipment 131,520 Disposals 68,390 163,742 Accum. Depr.-Equipment 8,384 Beg. bal. Depr. exp. End. bal. 36,168 Cash flow from sale of equipment $ 73,158 19,728 84,502 In addition, Novak Corp.'s income
statement reported a loss on the disposal of plant assets of $5,754. What amount was reported on the
statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)