Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine with a cost of $144,000 and accumulated

A machine with a cost of $144,000 and accumulated depreciation of $99,000 is sold for...

70.2K

Verified Solution

Question

Accounting

A machine with a cost of $144,000 and accumulated depreciation of $99,000 is sold for $57,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

a Zero. This is a financing activity.

b $12,000.

c Zero. This is an operating activity.

d $45,000.

e $57,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

2. A 48-year-old known hypertensive man is brought to the hospital with 3day history of fever...

Psychology
1.2K views

Brainstorm a list of the themes from Romeo & Juliet. Choose a theme you can clearly...

Geometry
1.2K views

Which of the following statements is not true A O cos A B C A...

Accounting
1.2K views

Problem 7-8 (Algorithmic) Modified Accelerated Cost Recovery System (MACRS) (LO 7.4) On January 8, 2017,...

Accounting
1.2K views

the financial sector conduct authority (previously the fsb) has prescribed minimum content requirements for clients...

Accounting
1.2K views

On August 1, 2018, Twist Company purchased a patent for $115,200 cash. Although the patent...

Accounting
1.2K views

Assume that Sunshine Reality Co. borrowed $300,000 from Columbia First Bank and Trust. In recording...

Accounting
1.2K views

What is the character of a gain resulting from the sale of a piece of...

Accounting
1.2K views

How to enter this set of data in MYOB Obtained a loan of $18,000 from...

Accounting
1.2K views

Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140...

Finance
1.2K views

2. Bank debt is an example of direct financing. A question requiring a 'True/False' answer....

Finance
1.2K views

Problem 13-1 Calculating Cost of Equity The Dybvig Corporation's common stock has a beta of...