(Solution) - The disposal of equipment for an amount of cash greater -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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The disposal of equipment for an amount of cash greater than the carrying value of the equipment results in a cash receipt equal to the carrying value of the equipment plus the gain on the disposal, which appears in income. How might the accountant treat this transaction in the statement of cash flows? Consider both the direct and indirect methods.