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QUESTION 20 A $100,000 truck was depreciated using straight-line and assuming a 5-year life and $10,000 salvage value. After 3 years, it was sold for
QUESTION 20 A $100,000 truck was depreciated using straight-line and assuming a 5-year life and $10,000 salvage value. After 3 years, it was sold for $40,000 cash. The sale of the truck appears under A activities on the Statement of Cash Flows in the armount of B. $ A. Activity: A $100,000 B. $60,000 B. Amount: C. $40,000 D. $18,400 E $8,000 F $(6,000) G $(40,000) . $(60,000) $(18,400) J. Operating K. Investing Financing
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