A machine with a cost of $176,000, accumulated depreciation of $108,000, and current year depreciation expense of $28,500 is sold for $58,400 cash. the amount that should be reported as a source of cash under cash flows from investing activities is:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A machine with a cost of $176,000, accumulated depreciation of $108,000, and current year depreciation expense of $28,500 is sold for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
At which income level does consumption equal income in table 9.1?
Answers (1)
A company that uses the perpetual inventory system sold goods to a customer on account for $ 2,100. The cost of the goods sold was $ 1,050.
Answers (1)
For its year ended December 31, 2018, Cupressa Corporation, an S corporation, had net income of $216,000 which included $180,000 of ordinary income from operations and a $36,000 net long-term capital gain.
Answers (1)
Which of the following is a characteristic of a lean accounting system? a. work in process and raw materials accounts combined b. fewer work in process account transactions c. all of these choices d. elimination of the direct labor account
Answers (1)
Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project I Project J 0 - $189,000 - $189,000 1 93,500 73,600 2 84,600 72,800 3 63,200 76,800 4 57,800 84,000 a.
Answers (1)
New Questions in Business
Advertising, fashion trends, and new product introductions serve to a. create consumer needs. c. create consumer demand. b. increase income effectiveness. d. minimize the income effect.
Answers (1)
The economy of Atlantia is defined by the private ownership of the means of production. Although products produced and prices are based on market factors, the government intervenes as a regulator to ban harmful products and to set a minimum wage.
Answers (1)
1. Economic profit is:A) less than accounting profit if implicit costs exist. B) always equal to accounting profit. C) greater than accounting profit if implicit costs exist. D) less than accounting profit if implicit costs are zero.
Answers (1)
Consumer surplus: A. is the difference between the current market price and the cost of production for the firm. B. is the difference between the maximum amount a person is willing to pay for a good and its current market price. C.
Answers (1)
Builtrite Furniture just paid an annual dividend of $2.50 last week and investors' believe that dividends will continue to grow at a 8% rate into the future. The current price of Builtrite's common stock is $76.
Answers (1)