Question
A machine with a cost of $139,000 and accumulated depreciation of $89,500 is sold for $59,000 cash. The amount that should be reported in the
A machine with a cost of $139,000 and accumulated depreciation of $89,500 is sold for $59,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
$59,000.
$9,500. $
49,500.
Zero. This is an investing activity.
Zero. This is a financing activity.
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Accounting For Inventory
Authors: Steven M. Bragg
4th Edition
1642210714, 9781642210712
