(Answered) Question - the t accounts for plant assets and accumulated

Accounting

Question - The T accounts for plant assets and accumulated depreciation for Street Company at the end of 2014 follow

Plant Assets				Accumulated Depreciation
Dr.		Cr.		Dr.		Cr.
Beg. Bal.	130,000	Disposals	46,000	Disposals	29,400	Beg. Bal.	69,000
Purchases	67,200					Depreciation	20,400
End. Bal.	151,200					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, and show how they appear on the statement of cash flows.

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