A firms accumulated depreciation account increased 30000

Reference no: EM13596160

A firm's accumulated depreciation account increased $30,000 for the year and total plant assets at cost increased $200,000. During the year, the firm purchased $350,000 of new equipment for cash, and sold equipment for $50,000 cash. This equipment had been depreciated $30,000 at the time of the sale. What is the complete disclosure of these events in the statement of cash flows prepared under the direct method?

Reference no: EM13596160

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