Carolina Company sold a machine for $13,000 cash,which had an original cost of $19,000 and accumulated depreciation of $6,000.The amount of cash provided by this sale is:
A)$12,000.
B)$13,000.
C)$18,000.
D)$19,000.

Question

Quizplus · Accepted Answer

The cash provided by the sale is equal to the selling price of the machine, which is $13,000. Therefore, the correct option is B. The original cost and accumulated depreciation are not relevant when calculating the amount of cash provided by the sale.

Carolina Company Sold a Machine for $13,000 Cash,which Had an Original