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A machine with a cost of $138,000 and accumulated depreciation of $93,000 is sold for $54,000 cash. The amount that should be reported

as a source of cash under cash flows from investing activities is:

2 Answers

2 votes

Answer:

$84,000

Step-by-step explanation:

User Sergey Bespalov
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4 votes

Step-by-step explanation:

You simply take away the $93,000 because it is depreciation. Which is negative. So thats why it was sold for less.

User Adam Lear
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