A machine with a cost of 130000 and accumulated


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

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: A machine with a cost of 130000 and accumulated
Reference No:- TGS01696405

Expected delivery within 24 Hours