A machine with a cost of $150,000, current year depreciation expense of $22,000 and accumulated...
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Accounting
A machine with a cost of $150,000, current year depreciation expense of $22,000 and accumulated depreciation of $95,000 is sold for $48,000 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:
Multiple Choice
A $22,000.
B $18,000.
C $29,000.
D $4,800.
E $70,000.
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