You have new items in your feed. Click to view.
Question and answer
. Equipment transaction and cash flow reporting Property, plant, & equipment Dec. 31, 20X4 Dec. 31, 20X3 Land $94,000 $94,000 Equipment 652,000 527,000 Less: Accumulated depreciation
-316,000 -341,000 New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. a. Determine the cost and accumulated depreciation of the equipment sold during 20X4. b. Determine the selling price of the equipment sold. c. Show how the sale of equipment would appear on a statement of cash flows prepared by using the indirect method.
The answer is a.Determine the cost and accumulated depreciation of the equipment sold during 20X4.
Expert answered|shainah29|Points 48|
Question
Asked 4/29/2013 12:57:27 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
25,953,712 questions answered
Weegy Stuff
S
Points 751 [Total 822] Ratings 4 Comments 711 Invitations 0 Offline
S
1
L
Points 612 [Total 1446] Ratings 3 Comments 582 Invitations 0 Online
S
L
P
P
P
P
Points 570 [Total 3825] Ratings 0 Comments 570 Invitations 0 Offline
S
Points 130 [Total 130] Ratings 0 Comments 130 Invitations 0 Offline
S
Points 58 [Total 285] Ratings 0 Comments 58 Invitations 0 Offline
S
L
P
P
P
Points 46 [Total 3862] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 40 [Total 45] Ratings 0 Comments 0 Invitations 4 Offline
S
Points 15 [Total 15] Ratings 0 Comments 5 Invitations 1 Offline
S
L
C
Points 11 [Total 4491] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.