If a gain of 520,000 occurs from selling (for cash) office equipment that cost 590,000...

70.2K

Verified Solution

Question

Accounting

image
If a gain of 520,000 occurs from selling (for cash) office equipment that cost 590,000 and had accumulated depreciation of 522,000 , then the impact on cash flows from irvesting must be: Select one: a. increase to cash of 588000 b. decrease to cash of $68,000 c. increase to cach of $20,000 d. increase to cash of 568000

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