A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash.
Question:
A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash. The amount reported as a source of cash under cash flows from investing activities is
a. $81,000.
b. $6,000.
c. $87,000.
d. $0; this is a financing activity.
e. $0; this is an operating activity.
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