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:

Internal Customer

Refers to individuals or departments within an organization that receive services or products from another individual or department within the same organization.

Self-Esteem Trap

The situation where an individual's self-worth is constantly contingent upon external validation and success, leading to potential psychological distress.

Bad News Skills

The ability to effectively communicate unfavorable or disappointing information in a sensitive and constructive manner.

Basic Human Needs

Basic human needs represent the fundamental aspects necessary for individuals to survive and thrive, including physiological needs, safety, love/belonging, esteem, and self-actualization.