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

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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.

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