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Impact of Operating and Investing Activities: Indirect Method
The following account balances were taken from the records of Roadhouse Corp. for the past two years:
December 31
2012
2011
Plant and equipment
$750,000
$500,000
Accumulated depreciation
160,000
200,000
Patents
92,000
80,000
Retained Earnings
825,000
675,000
Other information available for 2012:
Fill in the Blanks on these T-Accounts
Accumulated Depreciation
Sale of Plant and equipment ________________
Beginning Balance _______________________
Depreciation Expense ______________________
Ending Balance _______________________
Plant and Equipment
Purchases ______________________________
Sale of Plant and Equipment __________________
Ending Balance __________________________
Purchase of Patent_______________________
Amortization Expense ______________________
Ending Balance _____________________
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