Question
A machine with a cost of $150,000, current year depreciation expense of $22,000 and accumulated depreciation of $95,000 is sold for $48,000 cash. The total
A machine with a cost of $150,000, current year depreciation expense of $22,000 and accumulated depreciation of $95,000 is sold for $48,000 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
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A $22,000.
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B $18,000.
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C $29,000.
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D $4,800.
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E $70,000.
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Management Accounting For Business
Authors: Colin Drury, Mike Tayles
8th Edition
1473778808, 978-1473778801
