1

Brief Exercise 12-7 Your answer is incorrect. Try again. The T-accounts for Equipment and the related...

Question

Brief Exercise 12-7 Your answer is incorrect. Try again. The T-accounts for Equipment and the related...

Brief Exercise 12-7 Your answer is incorrect. Try again. The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Blue Spruce Corp. at the end of 2017 are shown here. Equipment Beg. bal. 104,880 Disposals 28,842 Acquisitions 54,538 End. bal. 130,576 Accum. Depr.—Equipment Disposals 6,686 Beg. bal. 58,340 Depr. exp. 15,732 End. bal. 67,386 In addition, Blue Spruce Corp.’s income statement reported a loss on the disposal of plant assets of $4,589. 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).) Cash flow from sale of equipment $

Answers

Cash flow from sale of equipment - Sale value of the equipment Calculation of sale value of the equipment Total cost of equipment sold $28,842 >refer T-account ofEquipment Less: Accumulated depreciation S6.686 >refer T - account of Accumulated Depreciation - Equipment Book Value of the equipment sold S22.156 Net Loss on the disposal of equipment- S4,589 Income /loss on the disposal of equipment -Sale value of equipment Sale value of the equipment Book value of equipment Book value of equipment Income / loss on the disposal of equipment $22,156+(-S4,589) $22,156-$4,589 $17,567>Cash received by company on the disposal of the equipment Cash flow from sale of equipment- $17,567


Similar Solved Questions

1 answers
Please show steps and formulas when working answer An electrically neutral model airplane is flying in...
please show steps and formulas when working answer An electrically neutral model airplane is flying in a horizontal circle on a 3.0 m guideline, which is nearly parallel to the groun. The line breaks when the kinetic energy of the plane is 50.0 J. Reconsider the same situation, except that now t...
1 answers
Give two examples of pathological conditions that would alter the white blood cells differential count
give two examples of pathological conditions that would alter the white blood cells differential count...
1 answers
: Choose one area affected by climate change in your region and discuss implications for health...
: Choose one area affected by climate change in your region and discuss implications for health and service providers Please cite in APA format....
1 answers
P-3 what are the consequences of not treating AIDS
P-3 what are the consequences of not treating AIDS...
1 answers
In the data below the rows define population groups A,B,C,D and the columns are education levels...
In the data below the rows define population groups A,B,C,D and the columns are education levels P,Q,R,S,T 25 106 58 14 203 75 38 179 231 90 538 17 24 10 56 34 67 38 144 341 404 24 19 171 991 50 The last row and column give row and column totals. The null hypothesis is that the data are not related....
1 answers
10. Consider the three charges along the y axis shown in the diagram. Find an expression...
10. Consider the three charges along the y axis shown in the diagram. Find an expression for the electric potential at point P, when d < r. -oO...
1 answers
Draw the product of the Lewis acid-base reaction. Label the electrophile and nucleophile. H20 draw structure...
Draw the product of the Lewis acid-base reaction. Label the electrophile and nucleophile. H20 draw structure . (select) (select) <>...
1 answers
I need help with this economics question. The first question at the top and the for...
I need help with this economics question. The first question at the top and the for critical thinking question is what i need help with. Two-Sided Markets, Network Effects, and Oligopoly Why are some platform firms that match people for dates experiencing positive market feedback from reducing t...
1 answers
2. Color Blindness with a Twist: As a genetic counselor, you may face some ethical dilemmas....
2. Color Blindness with a Twist: As a genetic counselor, you may face some ethical dilemmas. Imagine that a couple came to your office to discuss potential color blindness in their children. The man is not color blind, but his wife is. They already have one daughter that is color blind and want to k...
1 answers
Question 2. Consider the approximation of the definite integral () (a) Begin by using 2 points/nodes...
Question 2. Consider the approximation of the definite integral () (a) Begin by using 2 points/nodes (i.e., n + 1 = 2, with the two points being x = a and r = b). Replace f(x) by the constant /(a+b)/2] on the entire interval a <<b. Show that this leads to the numerical integration formula M,()...
1 answers
Could you use a(n) = (-1)^n to prove this? 4 ( 3pts) What could go wrong...
could you use a(n) = (-1)^n to prove this? 4 ( 3pts) What could go wrong in the ratio test from Theorem 7.6 it an is allowed (encouraged] to be negative? (Hint: try an alternating sequence.) THEOREM 7.6 Three Tests for Monotonicity A sequence {ax) is increasing if it passes any of the following ...
1 answers
15 pts) A spaceship flying directly toward Earth at 0.7c launches a missle with a speed...
15 pts) A spaceship flying directly toward Earth at 0.7c launches a missle with a speed (measured m the spaceship) of 0.8c at an angle of 60 (measured from the spaceship and measured relative to the ship-Earth direction). What is the speed of the missle measured by people on Earth and what is the an...
1 answers
The sum of two consecutive integers is 183. What is the smaller integer?
The sum of two consecutive integers is 183. What is the smaller integer?...
1 answers
Statement is Select one O True O False acer
statement is Select one O True O False acer...
1 answers
In preparation for developing its statement of cash flows for the year ended December 31, 2021,...
In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collected the following information: ($ in millions) Fair value of shares issued in a stock dividend $ 68.0 Payment for the early extinguishment of long-term bonds (book value: $8...
1 answers
NOT true about chemokines? Form a gradient to direct immune cell trafficking Induce effector functions of...
NOT true about chemokines? Form a gradient to direct immune cell trafficking Induce effector functions of immune cells Bind a receptor with a unique seven transmembrane domain Are only produced by immune cell Cytokines produced in an inflamed tissue but induce fever by entering the bloodstream and ...
1 answers
Use a dynamic programming table to align TTGGATA and TGGATCATA using the local alignment method (Smith...
Use a dynamic programming table to align TTGGATA and TGGATCATA using the local alignment method (Smith and Waterman) with the following scoring scheme: gap: -5; mismatch: -3; match: +3....

-- 0.008914--