A piece of equipment with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash.The amount that should be reported as a cash inflow from investing activities is:
A)$50,000.
B)$5,000.
C)$45,000
D)$0.This is a financing activity.

Question

Quizplus · Accepted Answer

The cash inflow from investing activities is the cash received from the sale, which is $50,000.

A Piece of Equipment with a Cost of $130,000 and Accumulated