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Mama L [17]
3 years ago
6

A machine with a cost of $142,000 and accumulated depreciation of $97,000 is sold for $56,000 cash. The amount that should be re

ported as a source of cash under cash flows from investing activities is:__________.
Business
1 answer:
Temka [501]3 years ago
6 0
A machine would cost $142,000 and the depreciation of $98,000
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expensed in the period in which the product is manufactured.

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A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

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