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

Question

Quizplus · Accepted Answer

The amount reported as a source of cash under cash flows from investing activities is the cash received from the sale, which is $50,000.

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