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Exercise 13-6 Computing Cash Flows from Investing Activities: Plant Assets The T accounts for plant assets and accumulated depreciation for Street Company at the end of 2014 follow. Plant Assets Dr. Cr. Beg. Bal. 130,000 Disposals 46,000 Purchases 67,200 End. Bal. 151,200 Accumulated Depreciation Dr. Cr. Disposals 29,400 Beg. Bal. 69,000 Depreciation 20,400 End. Bal. 60,000 In addition, Street's income statement shows a gain on sale of plant assets of $8,800. Compute the amounts to be shown as cash flows from investing activities. Use the minus sign to indicate cash outflows or a decrease in cash. Purchase of plant assets: Sale of plant assets: $ $ 25400

          Exercise 13-6
Computing Cash Flows from Investing Activities: Plant Assets
The T accounts for plant assets and accumulated depreciation for Street Company at the end of 2014 follow.
Plant Assets
Dr.
Cr.
Beg. Bal.
130,000 Disposals
46,000
Purchases
67,200
End. Bal.
151,200
Accumulated Depreciation
Dr.
Cr.
Disposals
29,400 Beg. Bal.
69,000
Depreciation
20,400
End. Bal.
60,000
In addition, Street's income statement shows a gain on sale of plant assets of $8,800.
Compute the amounts to be shown as cash flows from investing activities. Use the minus sign to indicate cash outflows or a decrease in cash.
Purchase of plant assets:
Sale of plant assets:
$ 
$ 25400

Exercise 13-6
Computing Cash Flows from Investing Activities: Plant Assets
The T accounts for plant assets and accumulated depreciation for Street Company at the end of 2014 follow.
Plant Assets
Dr.
Cr.
Beg. Bal.
130,000 Disposals
46,000
Purchases
67,200
End. Bal.
151,200
Accumulated Depreciation
Dr.
Cr.
Disposals
29,400 Beg. Bal.
69,000
Depreciation
20,400
End. Bal.
60,000
In addition, Street's income statement shows a gain on sale of plant assets of 8,800.
Compute the amounts to be shown as cash flows from investing activities. Use the minus sign to indicate cash outflows or a decrease in cash.
Purchase of plant assets:
Sale of plant assets:
25400

Added by Jeffery M.

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