A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

Question

Mariela Glover

Business

2 April, 02:07

A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

+3

Answers (1)

Know the Answer?

Ximena Newman · Answer 1

amount is $50,000

Explanation:

given data

machine cost = $130,000

accumulated depreciation = $85,000

sold cash = $50,000

to find out

amount that should be reported as a source of cash under cash flows

solution

we know as cash from investing activities is that

cash by sale of Equipment is = sold cash i. e $50000

so we can say that The amount that should be report as a source of the cash under cash flow by investing activities is here $50,000