Selected information from Thompson Corporation is provided below for the years ending December 31, 2009 and 2008.
During 2009 depreciation expense was recorded. New equipment was acquired for cash. Old equipment which was 60% depreciated with an original cost of $26,000 was sold for a loss of $4,000. Prepare the investing activities section of the statement of cash flows.

Question

Selected information from Thompson Corporation is provided below for the years ending December 31, 2009 and 2008.
  During 2009 depreciation expense was recorded. New equipment was acquired for cash. Old equipment which was 60% depreciated with an original cost of $26,000 was sold for a loss of $4,000. Prepare the investing activities section of the statement of cash flows.

Quizplus · Accepted Answer

The Answer of Selected information from Thompson Corporation is provided below for the years ending December 31, 2009 and 2008.
  During 2009 depreciation expense was recorded. New equipment was acquired for cash. Old equipment which was 60% depreciated with an original cost of $26,000 was sold for a loss of $4,000. Prepare the investing activities section of the statement of cash flows.

Selected Information from Thompson Corporation Is Provided Below for the Years