Marvin Industries owns a piece of equipment with a cost of $78,000 and accumulated depreciation of $51,000.The equipment is sold for $30,000 cash.The amount that should be reported as a cash inflow from investing activities is:
A) $30,000.
B) $3,000.
C) $27,000.
D) $0;this transaction is a financing activity.
Correct Answer:
Verified
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