A machine with a cost of 130000 and accumulated, Ask an Expert

Accounting

A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is?

a) $50,000

b) $5,000

c) $45,000

d) zero this is an operating activity

e) zero this is a financing activity

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92048353

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