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 cashflows from investing activities is:
A) $80,000.
B) $50,000.
C) $120,000.
D) $45,000.
E) $35,000.

Question

Quizplus · Accepted Answer

The cash inflow from the sale of the machine is $50,000, which is reported under cash flows from investing activities.

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