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A machine with a cost of $30,000 and accumulated depreciation of 75,000 is sold for 50,000 cash on january 1 of the current year reported
A machine with a cost of $30,000 and accumulated depreciation of 75,000 is sold for 50,000 cash on january 1 of the current year reported in the operating activities section prepared using the direct method is:
a. $25,000
b. $55,000
c. $5,000
d. $50,000
e. $0
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