Z Company purchased an asset for $24,000 on January 1, 2015. The asset was expected to have a four-year life and a $4,000 salvage value.

Assume that Z Company uses straight-line depreciation. If on January 1, 2016, Z Company sells the asset for $10,000, the statement of cash flows would report a

Question 6 options:

A)	$1,000 cash inflow from gain on the sale of the asset in the operating activities section.

B)	$10,000 cash inflow from an asset disposal in the investing activities section.

C)	$9,000 cash inflow from an asset disposal in the financing activities section.

D)

a and c.