The information below was provided by Tucson Company for 2019 and 2018:
During 2019, Tucson sold equipment with a cost of $50,000 and accumulated depreciation of $38,000. A loss of $2,000 was recognized on the sale of the equipment.
Prepare the investing activities section of the statement of cash flows for 2019.

Question

The information below was provided by Tucson Company for 2019 and 2018:
  During 2019, Tucson sold equipment with a cost of $50,000 and accumulated depreciation of $38,000. A loss of $2,000 was recognized on the sale of the equipment.
Prepare the investing activities section of the statement of cash flows for 2019.

Quizplus · Accepted Answer

The Answer of The information below was provided by Tucson Company for 2019 and 2018:
  During 2019, Tucson sold equipment with a cost of $50,000 and accumulated depreciation of $38,000. A loss of $2,000 was recognized on the sale of the equipment.
Prepare the investing activities section of the statement of cash flows for 2019.

The Information Below Was Provided by Tucson Company for 2019