A machine with a cost of $149,000 and accumulated depreciation of $104,000 is sold for $59,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
ZeroThis is a financing activity.
$45,000. Zero.
This is an operating activity
. $14,500.
$59,500.
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Home » Business » A machine with a cost of $149,000 and accumulated depreciation of $104,000 is sold for $59,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: ZeroThis is a financing activity. $45,000.