Question 50 1.5 pts Corporation incurs depreciation of machinery of $500,000. What effect will this entry have on the completion of the Statement of Cash Flows assuming the indirect method is used? Added to net income in the operating section Deduct fom net income in the operating section O Investing Activity Financing Activity Noncash investing and financing activity or not on the CFS Question 51 1.5 pts Corporation sold land for $500,000. The land originally cost $400,000 resulting in a gain of $100,000. Where would the $100,000 gain appear on the CFS? O Added to net income in the operating section O Deducted from net income in operating section O Cash receipt or payment in financing section O Cash receipt or payment in financing section Noncash investing and financing activity or not on the CFS