an equipment has a cost of $ 20,000 which is 40% depreciated sold for $ 10,000. the investing activities in the statement of cash flows should show a. $ 2,000 inflow b. $ 2,000 outflow c. $ 10,000 inflow d. $ 10,000 outflow

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
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an equipment has a cost of $ 20,000 which is 40% depreciated sold for $ 10,000. the investing activities in the statement of cash flows should show a. $ 2,000 inflow b. $ 2,000 outflow c. $ 10,000 inflow d. $ 10,000 outflow
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