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11 July, 07:24

A machine with a cost of $132,000, accumulated depreciation of $86,000, and current year depreciation expense of $17,500 is sold for $40,800 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

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  1. 11 July, 07:53
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    Sale of machine=40,800

    40,800 should be reported under investing activities
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