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

question 241

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 in the operating activities section reported under the direct method is:

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

---

Definitions:

Primary and Secondary Aging

Distinction between the inevitable biological aging process (primary) and aging effects due to environmental and lifestyle factors (secondary).

Major Body Systems

The collective group of essential organ systems in the human body, including the circulatory, respiratory, digestive, nervous, and others, which work together to sustain life.

Sensory Input

Information that the body gathers from the environment via the senses, including sight, sound, touch, taste, and smell.

Stereotype Threat

The thought in a person’s mind that one’s appearance or behavior will be misread to confirm another person’s oversimplified, prejudiced attitudes.