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:

Acid Rain

A phenomenon where rain becomes acidic due to atmospheric pollution, causing environmental harm.

Ecosystems Destruction

Ecosystems destruction refers to the severe disruption or eradication of an ecosystem, leading to loss of biodiversity and degradation of natural habitats often caused by human activity.

Precipitation

Any form of water, liquid or solid, that falls from the atmosphere and reaches the ground, including rain, snow, sleet, and hail.

Ozone Layer

A layer in the Earth's stratosphere containing a high concentration of ozone, which absorbs most of the Sun's ultraviolet radiation, protecting the Earth.