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long-term note payable was signed for cash proceeds of $29,000. Operating (0) Investing (0) Financing (F) Amount of Cash Flow
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Activity  

Operating (O)

Investing (I)

Financiang (F)

Amount of cash flow Increase (+) Decrease(-)

A plant asset with a cost of $69000 and accumulated

depreciation of 17000 was sold for $14000 loss.

Investing (I)   $      38,000.00 Increase (+)

Working

Cash received on sale of Equipment
Cost of equipment sold $       69,000.00
Less: Accumulated depreciation $ (17,000.00)
Book value of asset sold $       52,000.00
Less: Loss on sale $    (14,000.00)
Cash received on sale $       38,000.00
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