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The Plant Assets account of Stanley Coffee shows the following: Plant Assets, Net Beg. Bal 90.000...
Brief Exercise 17-07 The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Luo Company at...
Brief Exercise 17-07 The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Luo Company at the end of 2020 are shown here. Equipment Beg. bal. 75,000 Disposals 20,000 Acquisitions 36,000 End. bal. 91,000 Accumulated Depreciation—Equipment Disposals 8,000 Beg. bal. 40,000 Depr. exp. 10,000 End. bal. 42,000 In addition, Luo’s income statement reported a loss on the disposal of plant assets of $6,000. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?...
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Swifty Corporation at the end of...
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Swifty Corporation at the end of 2017 are shown here. Equipment 195,440 Disposals 101,629 243,323 53,746 Beg. bal. Acquisitions End. bal. Accum. Depr.-Equipment 12,459 Beg. bal. Depr. exp Disposals 108,714 29,316 End. bal. 125,571 In addition, Swifty Corporation's income statement reported a loss on the disposal of plant assets of $8,551. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts...
The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Oriole Company at the end of...
The T-accounts for Equipment and the related Accumulated
Depreciation—Equipment for Oriole Company at the end of 2017 are
shown here.
Equipment
Beg. bal.
230,560
Disposals
63,404
Acquisitions
119,891
End. bal.
287,047
Accum. Depr.—Equipment
Disposals
14,698
Beg. bal.
128,249
Depr. exp.
34,584
End. bal.
148,135
In addition, Oriole Company’s income statement reported a loss
on the disposal of plant assets of $10,087. What amount was
reported on the statement of cash flows as “cash flow from sale of
equipment”? (Show amounts...
The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Bonita Company at the end of...
The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Bonita Company at the end of 2022 are shown here. Equipment Beg. bal. 72,000 Disposals 19,800 Acquisitions 37,440 End. bal. 89,640 Accum. Depr.—Equipment Disposals 4,590 Beg. bal. 40,050 Depr. exp. 10,800 End. bal. 46,260 In addition, Bonita Company’s income statement reported a loss on the disposal of plant assets of $3,150. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”? (Show amounts...
Brief Exercise 12-7 The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Blue Spruce Corp....
Brief Exercise 12-7 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...
3 Questions, Help ! Brief Exercise 17-07 x Your answer is incorrect. Try again. The T-accounts...
3 Questions, Help !
Brief Exercise 17-07 x Your answer is incorrect. Try again. The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. 22,700 Equipment Beg. bal. 82,400 Disposals Acquisitions 36,500 End. bal. 96,200 Accumulated Depreciation Equipment Disposals 8,500 Beg. bal. Depr. exp. End. bal. 46,800 13,000 51,300 In addition, Luo's income statement reported a loss on the disposal of plant assets of $6,100. What amount was reported on...
Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Tamarisk, Inc. at...
Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Tamarisk, Inc. at the end of 2022 are shown here. 30,800 Beg. bal. Acquisitions End. bal. Equipment 112,000 Disposals 58,240 139,440 Accum. Depr.-Equipment 7,140 Beg. bal. Depr. exp. End. bal. Disposals 62,300 16,800 71,960 In addition, Tamarisk, Inc.'s income statement reported a loss on the disposal of plant assets of $4,900. What amount was reported on the statement of cash flows as "cash flow from sale of...
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...
Exercise 6-2 Identifying long-term operational assets Required Which of the following items should be classified as...
Exercise 6-2 Identifying long-term operational assets Required Which of the following items should be classified as long-term operational assets? a. Prepaid insurance b. Coal mine c. Office equipment d. Accounts receivable e. Supplies f. Copyright g. Delivery van h. Land used in the business i. Goodwill j. Cash k. Filing cabinet I. Tax library of accounting firm Exercise 6-12 Effect of the disposal of plant assets on the financial statements Un Company sold office equipment with a cost of $23,000...
Brief Exercise 12-7 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Crane Company at...
Brief Exercise 12-7 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Crane Company at the end of 2017 are shown here Beg. bal. -20 End, ball Equipment 235,200 Disposals 122,304 292,824 Accum. Depr.-Equipment 14,994 Beg. bal. Depr. exp End. bal. Disposals 130,830 35,280 151,116 Study In addition, Crane Company's income statement reported a loss on the disposal of plant assets of $10,290. What amount was reported on the statement of cash flows as "cash flow from sale of...
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Swifty Corporation at the end of 2017 are shown here. Equipment 195,440 Disposals 101,629 243,323 53,746 Beg. bal. Acquisitions End. bal. Accum. Depr.-Equipment 12,459 Beg. bal. Depr. exp Disposals 108,714 29,316 End. bal. 125,571 In addition, Swifty Corporation's income statement reported a loss on the disposal of plant assets of $8,551. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts...
The T-accounts for Equipment and the related Accumulated
Depreciation—Equipment for Oriole Company at the end of 2017 are
shown here.
Equipment
Beg. bal.
230,560
Disposals
63,404
Acquisitions
119,891
End. bal.
287,047
Accum. Depr.—Equipment
Disposals
14,698
Beg. bal.
128,249
Depr. exp.
34,584
End. bal.
148,135
In addition, Oriole Company’s income statement reported a loss
on the disposal of plant assets of $10,087. What amount was
reported on the statement of cash flows as “cash flow from sale of
equipment”? (Show amounts...
3 Questions, Help !
Brief Exercise 17-07 x Your answer is incorrect. Try again. The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. 22,700 Equipment Beg. bal. 82,400 Disposals Acquisitions 36,500 End. bal. 96,200 Accumulated Depreciation Equipment Disposals 8,500 Beg. bal. Depr. exp. End. bal. 46,800 13,000 51,300 In addition, Luo's income statement reported a loss on the disposal of plant assets of $6,100. What amount was reported on...
Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Tamarisk, Inc. at the end of 2022 are shown here. 30,800 Beg. bal. Acquisitions End. bal. Equipment 112,000 Disposals 58,240 139,440 Accum. Depr.-Equipment 7,140 Beg. bal. Depr. exp. End. bal. Disposals 62,300 16,800 71,960 In addition, Tamarisk, Inc.'s income statement reported a loss on the disposal of plant assets of $4,900. What amount was reported on the statement of cash flows as "cash flow from sale of...
Exercise 6-2 Identifying long-term operational assets Required Which of the following items should be classified as long-term operational assets? a. Prepaid insurance b. Coal mine c. Office equipment d. Accounts receivable e. Supplies f. Copyright g. Delivery van h. Land used in the business i. Goodwill j. Cash k. Filing cabinet I. Tax library of accounting firm Exercise 6-12 Effect of the disposal of plant assets on the financial statements Un Company sold office equipment with a cost of $23,000...
Brief Exercise 12-7 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Crane Company at the end of 2017 are shown here Beg. bal. -20 End, ball Equipment 235,200 Disposals 122,304 292,824 Accum. Depr.-Equipment 14,994 Beg. bal. Depr. exp End. bal. Disposals 130,830 35,280 151,116 Study In addition, Crane Company's income statement reported a loss on the disposal of plant assets of $10,290. What amount was reported on the statement of cash flows as "cash flow from sale of...
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