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jek_recluse [69]
2 years ago
6

A machine with a cost of $162,000, current year depreciation expense of $25,000 and accumulated depreciation of $101,000 is sold

for $52,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:___________.
a. 25000
b. 5280
c. 77800
d. 16200
e. 33200
Business
1 answer:
sammy [17]2 years ago
5 0

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

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