A machine with a cost of $143,000 and accumulated depreciation of $98,000 is sold for $56,500 cash. The amount that should be rer investing activities is: Multiple Cholce Zero. This is a financing activity. $11,500. Zero. This is an operating activity. $56,500. $45,000.

A machine with a cost of $143,000 and accumulated depreciation of $98,000 is sold for $56,500 cash. The amount that should be rer investing activities is: Multiple Cholce Zero. This is a financing activity. $11,500. Zero. This is an operating activity. $56,500. $45,000.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 12PA: Garcia Co. owns equipment that costs $76,800, with accumulated depreciation of $40,800. Garcia sells...

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Question

A machine with a cost of $143,000 and accumulated depreciation of $98,000 is sold for $56,500 cash. The amount that should be repote
investing activities Is:
Multiple Cholce
Zero. This is a financing activity.
$11,500.
Zero. This is an operating activity.
$56,500.
$45,000.

$98.00 0 Is sold for $56.500 cash, The amount that should be reported as n source of cash under cash flows from

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