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Question
A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold for $40,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:A.$45,000.
B.$5,000.
C.$17,000.
D.$28,000.
E.$40,000.
Answer
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