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Question - A machine with a cost of $134,000 and accumulated depreciation of $87,000 is sold for $41,600 cash. What the total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method?
a. $59,600
b. $4,160
c. $5,400
d. $20,400
e. $18,000
There is no effect on any statement since these transactions would affect the tax return not the company's financial statements
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