A machine with a cost of $175,000 and accumulated depre ciation of $94,000 is sold for $87,000

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A machine with a cost of $175,000 and accumulated depre¬ ciation of $94,000 is sold for $87,000 cash. The amount re¬ ported as a source of cash under cash flows from investing activities is

a. $81,000.

b. $6,000.

c. $87,000.

d. Zero; this is a financing activity.

e. Zero; this is an operating activity.

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Jul 15, 2024 10:12 AM

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A machine with a cost of $175,000 and accumulated depre ciation of $94,000 is sold for $87,000

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Fundamental Accounting Principles Volume 2

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