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A machine with a cost of $172,000, accumulated depreciation of $106,000, and current year depreciation expense of $27,500 is sold for $56,800 cash. The amount

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A machine with a cost of $172,000, accumulated depreciation of $106,000, and current year depreciation expense of $27,500 is sold for $56,800 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice $21,700 $9,200 $56.800 $27,500 $49.200

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