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A machine with a cost of $ 1 7 6 , 0 0 0 , accumulated depreciation of $ 1 0 8 , 0 0

A machine with a cost of $176,000, accumulated depreciation of $108,000, and current year depreciation expense of $28,500 is sold for $58,400 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:Multiple Choice$49,600. $9,600. $21,100. $28,500. $58,400.

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