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A machine with a cost of $130,000 and accumulated depreciation of $75,000 is sold for...

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Accounting

A machine with a cost of $130,000 and accumulated depreciation of $75,000 is sold for $50,000 cash on January 1 of the current year reported in the operating activities section reported under the direct method is: a. $25,000 b. $55,000 c. $5,000 d. $50,000 e. $0

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