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10 points Save Answer The business sold an item of machinery, which had cost R3 million, after using it for 3 years. The business depreciates

image text in transcribed 10 points Save Answer The business sold an item of machinery, which had cost R3 million, after using it for 3 years. The business depreciates machinery using 20% per annum on the diminished balance method. The business made a profit of R264 000 on its disposal. Explain how you would adjust for this point when preparing the statement of cash flows. A. Decrease cash flow from investing activities and decrease cash generated from operations. B. Increase cash flow from investing activities and increase cash generated from operations. C. Increase cash flow from investing activities and decrease cash generated from operations. D. Decrease cash flow from investing activities and increase cash generated from operations

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