Question
A machine with a cost of $120,000 and accumulated depreciation of $85,000 was sold for $50,000 cash. The amount that should be reported as a
A machine with a cost of $120,000 and accumulated depreciation of $85,000 was sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
a. $ 50,000
b. $ 15,000
c. $120,000
d. $ 35,000
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Brinks Modern Internal Auditing A Common Body Of Knowledge
Authors: Robert R. Moeller
8th Edition
9781119016984
