An analysis of the general ledger accounts indicates that officer equipment which cost $89,000 and…
Reporting changes in equipment on statement of cash flows
An analysis of the general ledger accounts indicates that officer equipment which cost $89,000 and on which accumulated depreciation totaled $36,000 on the date of sale, was sold for $43,500 during the year. Using this information. Indicate the items to be reported on the statement of cash flows.