1-A machine with a cost of $148,000 and accumulated depreciation of $103,000 is sold for $59,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice $45,000.

Zero.

This is a financing activity.

$59,000.

$14,000.

Zero.

This is an operating activity.

2- A machine with a cost of $145,000 and accumulated depreciation of $100,000 is sold for $57,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

Multiple Choice

A)Zero.

B)This is a financing activity.

C)$45,000.

D)Zero.

E)This is an operating activity.

F)$12,500.

G) $57,500.