A Machine with a Cost of $130,000,current Year Depreciation Expense

question 75

Multiple Choice

A machine with a cost of $130,000,current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold for $40,000 cash.The amount(s) that should be reported in the operating section of the statement of cash flows is:

• A)$17,000.
• B)$4,000.
• C)$57,000.
• D)$21,000.
• E)$22,000.

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Definitions:

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