Big Springs Corporation sold some of its used equipment for $37,000. The indirect method statement of cash flows shows an addition to net income of $5,000. The accumulated depreciation on the equipment to date of sale was $36,000. The original cost of the equipment was:

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The Answer of Big Springs Corporation sold some of its used equipment for $37,000. The indirect method statement of cash flows shows an addition to net income of $5,000. The accumulated depreciation on the equipment to date of sale was $36,000. The original cost of the equipment was:

Big Springs Corporation Sold Some of Its Used Equipment for $37,000