A Machine with a Cost of $130,000,accumulated Depreciation of $85,000,and

question 69

Multiple Choice

A machine with a cost of $130,000,accumulated depreciation of $85,000,and current year depreciation expense of $17,000 is sold for $40,000 cash.The amount that should be reported as a source of cash under cash flows from investing activities is:

• A)$45,000.
• B)$5,000.
• C)$17,000.
• D)$28,000.
• E)$40,000.

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Definitions:

Estimating Demand

The process of forecasting the amount of product or service that consumers will be willing to buy at various prices during a specified period.

Idea Generation

The process of creating, developing, and communicating new concepts or solutions.

Product Concepts

Fundamental ideas or proposed strategies regarding how a product can be designed, manufactured, marketed, and sold to satisfy a particular need or want.

Federal Trade Commission

The independent agency of the United States government responsible for enforcing civil antitrust law and promoting consumer protection.