Accumulated depreciation, A machine with a cost of

Accumulated depreciation

Assignment Help Financial Accounting

Reference no: EM13913905

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.

Reference no: EM13913905

Questions Cloud

Financing activities : Operating activities-Financing activities-Investing activities.

Factors and influences on the purchase decision : I have selected a frozen dinner, a 70-inch flat screen television. List, describe and explain, in two or three paragraphs: ?Specific steps in the decision process leading up to and following the purchase and Factors and influences on the purchase d..

Displacement between camp a and camp b : A mountain-climbing expedition establishes two intermediate camps, labeled A and B in the drawing, above the base camp. (x1 = 10000 m, and x2 = 18000 m.) What is the magnitude Δr of the displacement between camp A and camp B?

Operating activities : Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000

Accumulated depreciation : 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

Find the dimensions of the rectangle : The length of a rectangle is 5 cm more than 4 times its width. If the area of the rectangle is 60 cm2, find the dimensions of the rectangle to the nearest thousandth

Firms ratios are good or poor compared to industry averages : For each of the following ratios indicate whether the firm’s ratios are good or poor as compared to industry averages.

Fixed costs and variable costs-determine the profit : A manufacturing company has fixed costs of $120,000 per month and variable costs of $6 per unit. Determine the profit for each of these scenarios.

Biology as your college major : You have chosen biology as your college major because you would like to be a medical doctor. However, you find that the probability of being accepted into medical school is about 10 percent.

User Account

All Pages