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A machine with a cost of $158,000, accumulated depreciation of $99,000, and current year depreciation...

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Accounting

A machine with a cost of $158,000, accumulated depreciation of $99,000, and current year depreciation expense of $24,000 is sold for $51,200 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

a $47,800.

b $7,800.

c $24,000.

d $23,800.

e $51,200.

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