The T accounts for Equipment and the related Accumulated Depreciation for Stone Kitchen Equipment Company at the end of 2008 are as follows.
Equipment
Equipment |
Accumulated Depreciation |
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Equipment |
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Beg. bal. |
80,000 |
Disposals |
22,000 |
Disposals |
5,500 |
Beg. bal. |
44,500 |
Acquisitions |
41,600 |
Depr. |
12,000 |
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End. bal. |
99,600 |
End. bal. |
51,000 |
Stone Kitchen Equipment Company’s income statement reported a loss on the sale of equipment of $4,900.What amount was reported on the statement of cash flows as “cash flow from sale of equipment