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A Piece of Equipment with a Cost of $130,000 and Accumulated

Question 178

Multiple Choice

A piece of equipment 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 cash inflow from investing activities is:


A) $50,000.
B) $5,000.
C) $45,000.
D) $0; this transaction is a financing activity.

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