Question

A machine with a cost of $130,000, current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The amount(s) that should be reported in the operating section of the statement of cash flows is:
A.$17,000.
B.$4,000.
C.$57,000.
D.$21,000.
E.$22,000.

Answer

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