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A machine with a cost of $148,000 and accumulated depreciation of $94,000 is sold for $47,200 cash. The amount of the loss related to the
A machine with a cost of $148,000 and accumulated depreciation of $94,000 is sold for $47,200 cash. The amount of the loss related to the sale of this machine should be reported in the operating section under the indirect method is: Multiple Choice $18,300. $68,700. Incorrect $6,800. $4,720. $21,500.
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