A company bought $250,000 of equipment with an expected life of ten years and no residual value. After six years the company sold the equipment for $94,000. If the company uses straight-line depreciation and the indirect method is used to determine cash flows from operating activities, which of the following reflects how the sale of the equipment would be reported in the statement of cash flows
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company bought $250,000 of equipment with an expected life of ten years and no residual value. After six years the company sold the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » A company bought $250,000 of equipment with an expected life of ten years and no residual value. After six years the company sold the equipment for $94,000.