Brief Exercise 13-6 a-b (Part Level Submission) The T accounts for equipment and

Question

Brief Exercise 13-6 a-b (Part Level Submission) The T accounts for equipment and accumulated depreciation for Pharoah Ltd. are shown here: Equipment 86,000 Disposals 42,000 1,0 Beg. bal Acquisitions End bal 107,000 Accumulated Depreciation-Equipment 5,700Beg. bal 44,900 20,400 Disposals Depreciation l hl In addition, Pharoah's income statement reported a $1,600 loss on the disposal of equipment. (a) xYour answer is incorrect. Try again What amount was reported on the statement of cash flows as "cash provided by disposal of equipment"? Cash provided by disposal of equipment LINK TO TEXT Attempts: 2 of 3 used SAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

Explanation:

Cash provided by disposal equipment = (Cost 42000 - Accum Deprec 21000 = NBV 21000 – 1600) = 19400

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