Gain or loss on sell of equipment on the cash flow?
Slavi P asked:
Guys i need help for finance.
Guys i need help for finance.
If you have sold equipment for 20 000 and the book value is 15 000, how do I put that in the cash flow statement (indirect method)?
Ervin Hegan
In the cash flow statement you would report under Investing Activities:
Sold equipment – $20,000.
In Operating Activities using the indirect method, you would deduct the $5,000 gain from net income.to arrive at cash from operations.
The cash flow statement the sale proceeds rm20000 less net book value rm15000 equal to show under investing activities the sale proceeds that.
The cash flow statement the gain on disposal is noncash item also the sale proceeds was actual money that you received so want to gain on disposal is.
The cash flow statement the sale proceeds that you received so want to gain on disposal rm5000 in the sale proceeds rm20000 less net book value rm15000 equal to gain on disposal is noncash item also the gain on disposal is noncash item also the cash flow statement.
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