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.

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Definitions:

Animation

The process of creating motion and shape change illusions by means of the rapid display of a sequence of static images that minimally differ from each other.

Gantt Chart

A type of bar chart that illustrates a project schedule, showing the start and finish dates of elements.

Time Line Chart

Chart that shows how much time is needed to complete each task in a project.

Surface Chart

A type of chart used in data visualization to represent three-dimensional data; it shows the relationships among three variables.