How to calculate Depreciation expense for Operating activities for Cash flow statement – without income statement?
Accumulated Depreciation for Year 1 : -14,000
Accumulated Depreciation for Year 2 : -21,500
Therefore change is : – 7500
However Depreciation expense in Cash flow statement is 14,500.
Book value is 1000
Cost of Equipment is 8000
Can someone explain how to get 14,500 without income statement ?
Hi there! Click one of our representatives below and we will get back to you as soon as possible.