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The opening balance in the computer account for Adara Corp for fiscal 2017 was $100,000; the closing balance was $107,000. The corresponding balances in the
The opening balance in the computer account for Adara Corp for fiscal 2017 was $100,000; the closing balance was $107,000. The corresponding balances in the accumulated depreciation accounts were $63,000 and $67,500. During the year Adara scrapped a computer originally costing $13,00 having a remaining net book value of $3,500 and purchased a replacement machine for cash.
What is the total amount of adjustments to net income in operating
cash flows using the indirect method?
a. $3,500 deduction
b. $0
C. $3,500 addition
d. $17.500 addition
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