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

question 140

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) Zero. This is a financing activity.
• C) $45,000.
• D) Zero. This is an investing activity.
• E) $5,000.

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Definitions:

Social Divisions

Distinctions made between people based on social categories such as class, race, gender, and ethnicity, which often lead to unequal treatment and opportunities in society.

Cultural Appropriation

The adoption or use of elements of one culture by members of another culture, which can be controversial when it involves a dominant culture borrowing from minority cultures without permission, understanding, or respect.

Palestinian Kaffiyeh

A traditional black and white scarf that symbolizes Palestinian heritage and nationalism.

Abercrombie And Fitch

An American retailer that focuses on upscale casual wear for young consumers, known for its brand image and marketing strategies.