Equipment with a book value of $8000 is sold for $1000 cash. The statement of cash flows will report a :

Four separate questions are listed as follow:

Equipment with a book value of $8,000 is sold for $1,000 cash. The statement of cash flows will report a: O A. $7,000 cash outflow in the financing activities section O B. $1,000 cash inflow in the operating activities section O C. $7,000 cash outflow in the operating activities section O D. $1,000 cash inflow in the investing activities sectionOn January 2, 2016, McNalIy's Extra Corporation acquired equipment for $120,000. The estimated life of the equipment is 5 years or 20.000 hours. The estimated residual value is $20,000. What is the balance in Accumulated Depreciation on December 31, 2017, if McNaIIy's Extra Corporation uses the double - declining - balance method of depreciation? O A. $76,600 0 B. $43,200 0 C. $36,000 O D. $23,200 Stout Corp. sold some fully amortized equipment for $2,600 cash, The equipment had been purchased for $26,500 and Stout Corp, had estimated the useful life at 8 years and residual value at $3.500, The journal entry to record the sale of the equipment will include a: O A. credit to Equipment for $2,700 0 B. debit to Loss on Sale of Equipment for $900 0 C. credit to Accumulated Depreciation for $23,000 0 D. credit to Equipment for $3,500 Rhoundakona Corporation bought property, plant, and equipment on January 1, 2014, at a cost of $35,000. Estimated residual value is $5,000 and the estimated useful life is 8 years. The company uses straight - line depreciation. On January 1, 2017, Rhoundakona's management sells the asset for $25,000. The gain or loss on disposal is: O A. $1,250 gain O B. $1,250 loss O C. $25,000 gain O D. $10,000 loss