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

Question 41

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 cash flows from investing activities is


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

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