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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.
Beg. Bal.
130,000
Disposals
46,000
29,400
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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