A machine with a cost of $174,000 and accumulated depreciation of $107,000 sells for $57,600 in cash.
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A machine with a cost of $174,000 and accumulated depreciation of $107,000 sells for $57,600 in cash. What is the total amount related to this machine that must be reported in the operation section of the statement of cash flows under the indirect method ?
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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