g 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

Question

Alexandra [31]

2 years ago

12

g 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 as a source of cash under cash flows from investing activities is: Group of answer choices

Business

1 answer:

alexandr402 [8] · Answer 1 · 2022-06-29T19:55:13+03:00

Answer: $50,000

Explanation:

From the question, we are informed that 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 as a source of cash under cash flows from investing activities will be $50,000. It should be noted that only cash effects of transaction has to be added to the cash flow statement.