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Find the amount that should be reported as a source of cash

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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 $58,400 cash. Find the amount that should be reported as a source of cash under cash flows from investing activities?

a. $49,600.

b. $9,600.

c. $28,500.

d. $21,100.

e. $58,400.

Reference no: EM132785922

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