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A machine with a cost of $132,000, accumulated depreciation of $86,000, and current year depreciation expense of $17,500 is sold for $40,800 cash. The amount that should be repo…
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A machine with a cost of $132,000, accumulated depreciation of $86,000, and current year depreciation expense of $17,500 is sold for $40,800 cash. The amount that should be repo…
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Jun 1, 2018
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A machine with a cost of $132,000, accumulated depreciation of $86,000, and current year depreciation expense of $17,500 is sold for $40,800 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
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sale of machine=40,800
40,800 should be reported under investing activities
Thomax
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Jun 7, 2018
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