Question

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:

Answer 1

$84,000

Step-by-step explanation:

Answer 2

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.