Question
A machine with a cost of $148,000, current year depreciation expense of $21,500 and accumulated depreciation of $94,000 is sold for $47,200 cash. The amount(s)
| A machine with a cost of $148,000, current year depreciation expense of $21,500 and accumulated depreciation of $94,000 is sold for $47,200 cash. The amount(s) that should be reported in the operating section of the statement of cash flows is: |
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Rehabilitation Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304114686, 978-1304114686
