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A machine with a cost of $146,000, current year depreciation expense of $21,000 and accumulated depreciation of $93,000 is sold for $46,400 cash. The total
A machine with a cost of $146,000, current year depreciation expense of $21,000 and accumulated depreciation of $93,000 is sold for $46,400 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:
Multiple Choice $21,000 $4,640. $67,400. $18,600 $27,600Step by Step Solution
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