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A machine with a cost of $150,000, current year depreciation expense of $22,000 and accumulated...

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Accounting

A machine with a cost of $150,000, current year depreciation expense of $22,000 and accumulated depreciation of $95,000 is sold for $48,000 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:

Multiple Choice

  • A $22,000.

  • B $18,000.

  • C $29,000.

  • D $4,800.

  • E $70,000.

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