Answer:
Amount reported in operating activities = $33,200
Explanation:
Given:
Cost of machine = $162,000
Accumulated depreciation = $101,000
Sales price = $52,800
Current year depreciation = $25,000
Computation:
Particular Amount
Cost of machine $162,000
<u>Less:</u><u> Accumulated depreciation $101,000</u>
<u>Book value of machine $61,000 </u>
Loss on sale[$61,000-$52,800
] $8200
Amount reported in operating activities = Current year depreciation + Loss on sale
Amount reported in operating activities = $25,000 + $8200
Amount reported in operating activities = $33,200
