The information below was provided by Lion Company for 2016 and 2015:
During 2016, Lion sold equipment with a cost of $100,000 and accumulated depreciation of $76,000. A loss of $4,000 was recognized on the sale of the equipment.
Prepare the investing activities section of the statement of cash flows for 2016.

Question

The information below was provided by Lion Company for 2016 and 2015:
  During 2016, Lion sold equipment with a cost of $100,000 and accumulated depreciation of $76,000. A loss of $4,000 was recognized on the sale of the equipment.
Prepare the investing activities section of the statement of cash flows for 2016.

Quizplus · Accepted Answer

The Answer of The information below was provided by Lion Company for 2016 and 2015:
  During 2016, Lion sold equipment with a cost of $100,000 and accumulated depreciation of $76,000. A loss of $4,000 was recognized on the sale of the equipment.
Prepare the investing activities section of the statement of cash flows for 2016.

The Information Below Was Provided by Lion Company for 2016