A Machine with a Cost of $190,000 and Accumulated Depreciation

question 28

Multiple Choice

A machine with a cost of $190,000 and accumulated depreciation of $95,000 was sold for $50,000 cash. The amount that should be reported as a source of cash under cashflows from investing activities is:

• A) $80,000.
• B) $50,000.
• C) $120,000.
• D) $45,000.
• E) $35,000.

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Definitions:

Selling Tools

Various methods, techniques, software, and materials used by salespeople to enhance the buying process and increase sales.

Deadly Sins

Typically refers to the major faults or mistakes in various contexts that can lead to failure or adverse outcomes.

Unprofessional Conduct

Behavior that fails to meet the established standards or ethics expected in a professional setting, often leading to disciplinary action.

Lack Of Dependability

The unreliability or inconsistency of someone or something in fulfilling obligations or producing consistent results.