A machine with a cost of $144,000 and accumulated depreciation of $92,000 is sold for $64,000...
A machine with a cost of $144,000 and accumulated depreciation of $92,000 is sold for $64,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
Homework Answers
Correct answer----------$0.00
.
No amount will be recorded in cash flow statement's operating section in case of direct method is used.
The sales proceeds will be shown on investing section of cash flow. The loss or gain on sale of above machine would be shown in operating section only if Indirect method of cash flow is used.
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A machine with a cost of $144,000 and accumulated depreciation of $92,000 is sold for $64,000...
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A machine with a cost of $132,000 and accumulated depreciation of $86,000 is sold for $40,800 cash. 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 is: Multiple Choice Ο Ο $4,080. Ο 558,300. Ο Ο $5.200
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