A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $40,000 cash.The total amount that should be reported in the operating section of the statement of cash flow as per indirect method is:
A)$17,000.
B)$4,000.
C)$57,000.
D)$21,000.
E)$5,000.

Question

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The Answer of A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $40,000 cash.The total amount that should be reported in the operating section of the statement of cash flow as per indirect method is:
A)$17,000.
B)$4,000.
C)$57,000.
D)$21,000.
E)$5,000.

A Machine with a Cost of $130,000 and Accumulated Depreciation