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

question 151

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)$0.
• E)$35,000.

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Definitions:

Subpubic Angle

The angle formed below the pubic symphysis in the pelvis, differing in shape between sexes and important in determining the sex of skeletal remains.

Pelvis

The pelvis is a bony structure located in the lower part of the torso, enclosing the pelvic cavity and comprising the pelvic bones, supporting the spinal column and anchoring the lower limbs.

Sesamoid Bones

Small, round bones typically found embedded within tendons, acting to alter the direction of muscle forces and reduce friction.

Phalanges

The bones in the fingers and toes of humans and other vertebrates.