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Acme Company uses the indirect method to compute the net cas…
Acme Company uses the indirect method to compute the net cash provided by operating activities. During the current year, Acme’s accumulated depreciation account had a beginning balance of $198,000 and an ending balance of $204,000. During the year, Acme sold equipment that had an original cost of $53,000. The cash proceeds from the sale were $23,000 and the gain on the sale was $2,000. What amount of depreciation expense does Acme add back to net income to compute net cash provided by operating activities? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).
Acme Company uses the indirect method to compute the net cas…
Questions
Acme Cоmpаny uses the indirect methоd tо compute the net cаsh provided by operаting activities. During the current year, Acme’s accumulated depreciation account had a beginning balance of $198,000 and an ending balance of $204,000. During the year, Acme sold equipment that had an original cost of $53,000. The cash proceeds from the sale were $23,000 and the gain on the sale was $2,000. What amount of depreciation expense does Acme add back to net income to compute net cash provided by operating activities? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).