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Cash flows from financing activities include: Interest received. Interest paid. Dividends received. Cash dividends paid. A machine has a cost of $15,000, an estimated residual
Cash flows from financing activities include:
| Interest received. | |
| Interest paid. | |
| Dividends received. | |
| Cash dividends paid. |
A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?
| $9,000. | |
| $6,000. | |
| $7,500. | |
| $3,000. |
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