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A Machine with a Cost of $190,000 and Accumulated Depreciation

Question 28

Multiple Choice

A machine with a cost of $190,000 and accumulated depreciation of $95,000 was sold for $50,000 cash. The amount that should be reported as a source of cash under cashflows from investing activities is:


A) $80,000.
B) $50,000.
C) $120,000.
D) $45,000.
E) $35,000.

Correct Answer:

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