A Piece of Equipment with a Cost of $130,000 and Accumulated

question 178

Multiple Choice

A piece of equipment 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 cash inflow from investing activities is:

• A) $50,000.
• B) $5,000.
• C) $45,000.
• D) $0; this transaction is a financing activity.

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Nations or territories outside one's own country, governed by distinct legal, political, and cultural systems.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, typically retaining control over how their work is completed.

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An individual who is hired by a company to perform specific duties in exchange for compensation, typically under the control and direction of the employer.