During the year, the Equipment account increased by $25,000 and the Accumulated Depreciation account increased by $2,000. In addition, the company sold equipment, which originally cost $12,000 and had $9,000 of accumulated depreciation, for $4,500. What was the cash outflow to purchase equipment?

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The Answer of During the year, the Equipment account increased by $25,000 and the Accumulated Depreciation account increased by $2,000. In addition, the company sold equipment, which originally cost $12,000 and had $9,000 of accumulated depreciation, for $4,500. What was the cash outflow to purchase equipment?

During the Year, the Equipment Account Increased by $25,000 and the Accumulated