A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash.

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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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Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

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Question Posted: Jan 24, 2024 09:00 AM

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A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash.

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Financial And Managerial Accounting

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