Blue co. sold plant assets costing $15,000 with accumulated depreciation of $10,000 for $7,000. as a result, blue co will report on the statement of cash flows in the cash flows from investing activities section.

Blue Co will report a loss of $18,000 on the statement of cash flows in the cash flows from investing activities section.

Explanation:

Step 1: Determine the total cost of the asset

The total cost can be expressed as;

T=A+D

where;

T=total cost of the asset

A=asset purchase cost

D=accumulated depreciation

In our case;

T=unknown

A=$15,000

D=$10,000

replacing;

T=15,000+10,000=$25,000

Total cost of the asset=$25,000

Step 2: Determine the cash flow after the sale

This can be expressed as;

Cash flow=selling price-total cost of the asset

where;

selling price=$7,000

total cost of the asset=$25,000

replacing;

Cash flow=7,000-25,000=-$18,000

Blue Co will report a loss of $18,000 on the statement of cash flows in the cash flows from investing activities section.

explore some of these tourist attractions

the metropolitan museum of art. source: anton_ivanov / shutterstock.

central park. source: gagliardiphotography / shutterstock.

national 9/11 memorial and museum.

empire state building.

statue of liberty.

the museum of modern art (moma)

rockefeller center.

brooklyn bridge.

explanation:

answer; ///after donning a gown, mask and eyewear;