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A Machine with a Cost of $130,000,current Year Depreciation Expense

Question 75

Multiple Choice

A machine with a cost of $130,000,current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold for $40,000 cash.The amount(s) that should be reported in the operating section of the statement of cash flows is:


A) $17,000.
B) $4,000.
C) $57,000.
D) $21,000.
E) $22,000.

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