A building with a cost of $683,000 and accumulated depreciation of $397,500 was sold at...
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Accounting
A building with a cost of $683,000 and accumulated depreciation of $397,500 was sold at a gain of $82,000. This transaction would be reported on the statement of cash flows (using the indirect method) as alan
a. $203,500 inflow from investing activities and an $82,000 addition to net income.
b. $367,500 inflow from investing activities and an $82,000 deduction from net income.
c. $397,500 inflow from investing activities and an $82,000 deduction from net income.
d. $285,500 inflow from investing activities and an $82,000 deduction from net income.
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