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A machine with a cost of $135,000 and accumulated depreciation of $87,500 is sold for $55,000 cash. The amount that should be reported in the
A machine with a cost of $135,000 and accumulated depreciation of $87,500 is sold for $55,000 cash. The amount that should be reported in the operating activities section reported under the direct method is: o Zero. This is an investing activity. o $7,500. o $55,000. o Zero. This is a financing activity. o $47,500
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