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A Machine with a Cost of $130,000,accumulated Depreciation of $85,000,and

Question 69

Multiple Choice

A machine with a cost of $130,000,accumulated depreciation of $85,000,and current year depreciation expense of $17,000 is sold for $40,000 cash.The amount that should be reported as a source of cash under cash flows from investing activities is:


A) $45,000.
B) $5,000.
C) $17,000.
D) $28,000.
E) $40,000.

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