Question

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:

Answer 1

Answer:

amount is $50,000

Explanation:

given data

machine  cost =  $130,000

accumulated depreciation =  $85,000

sold cash = $50,000

to find out

amount that should be reported as a source of cash under cash flows

solution

we know as cash from investing activities  is  that

cash by sale of Equipment is = sold cash i.e $50000

so we can say that The amount that should be report as a source of the cash under cash flow by investing activities is here  $50,000