On January 1, 2018, Schmidt Industries purchased a new paint sprayer for $400,000. The salvage...
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Accounting
On January 1, 2018, Schmidt Industries purchased a new paint sprayer for $400,000. The salvage value after 5 years is estimated to be $100,000. The sprayer is depreciated by straight line depreciation for 5 years. On December 31, 2022, the sprayer is sold for $100,000. The cash inflow from the sale of the sprayer will be included in what section or sections of the statement of cash flows? Operating only Investing only Financing Operating and Investing
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