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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 amount(s) that should be reported in the operating section of the statement of cash flows is:

$22,000.

$4,800.

$70,000.

$18,000.

$29,000.

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