Marvin Industries owns a piece of equipment with a cost of $132,000 and accumulated depreciation of $89,000. The equipment is sold for $50,600 cash. The amount that should be reported as a cash inflow from investing activities is:

Emerald Co. owned equipment with a book value of $125,500 that was sold during this accounting period for $31,500 in cash, and purchased new equipment for cash of $148,500.

Emerald Co. would record a debit of:

Emerald Co. owned equipment with a book value of $127,000 that was sold during this accounting period for $31,800 in cash, and purchased new equipment for cash of $148,650. Emerald Co. would record a debit of: