A Machine with a Cost of $130,000,current Year Depreciation Expense

question 75

Multiple Choice

A machine with a cost of $130,000,current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold for $40,000 cash.The amount(s) that should be reported in the operating section of the statement of cash flows is:

• A)$17,000.
• B)$4,000.
• C)$57,000.
• D)$21,000.
• E)$22,000.

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Definitions:

Physical Flight

An escape or avoidance reaction in response to perceived danger or threat, characterized by a physical departure from the situation.

Fugue

A rare psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Comorbidity

A situation where a patient is simultaneously affected by more than one disease or medical problem.

Personality Disorders

A group of mental health conditions characterized by unhealthy patterns of thinking, functioning, and behaving.