On January 1, 2018, Schmidt Industries purchased a new paint sprayer for $400,000. The salvage value after 5 years is estimated to be $100,000. The sprayer is depreciated by straight line depreciation for 5 years. On December 31, 2022, the sprayer is sold for $100,000. The cash inflow from the sale of the sprayer will be included in what section or sections of the statement of cash flows?

• Operating only
• Investing only
• Financing
• Operating and Investing

Answer rating: 100% (QA)

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