A Machine with a Cost of $130,000 and Accumulated Depreciation

question 127

Multiple Choice

A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

• A) $50,000.
• B) $5,000.
• C) $45,000.
• D) Zero. This is an operating activity.
• E) Zero. This is a financing activity.

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Definitions:

Nail Fungus Infection

An infection underneath the surface of the nail caused by fungi. The disease is characterized by a change in a toenail's color, thickness, and appearance.

Onychomycosis

A fungal infection of the nails, leading to thickening, discoloration, and sometimes pain in the affected nails.

Symptoms

Signs or indications of a disease, disorder, or condition experienced by an individual, often prompting medical consultation or examination.

Disease

A condition that impairs normal tissue function, caused by factors like infections, genetics, or environmental factors.