A machine cost $235,000 and had accumulated depreciation of $200,000 when it was sold for a loss

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A machine cost $235,000 and had accumulated depreciation of $200,000 when it was sold for a loss of $10,000. It was a cash sale. How much cash did the company collect for the sale and how would it be classified on the statement of cash flows?

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 01:00 PM

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A machine cost $235,000 and had accumulated depreciation of $200,000 when it was sold for a loss

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The book value at the time of the sale was 35000 23500...View the full answer

Financial Accounting: A Business Process Approach

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