A machine with a cost of $144,000 and accumulated depreciation of $99,000 is sold for...
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Accounting
A machine with a cost of $144,000 and accumulated depreciation of $99,000 is sold for $57,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
a Zero. This is a financing activity.
b $12,000.
c Zero. This is an operating activity.
d $45,000.
e $57,000.
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