A machine with a cost of $130,000, current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The total amount that should be reported in the operating section of the statement of cash flow as per indirect method is:
A) $17,000.
B) $22,000.
C) $57,000.
D) $4,000.
E) $21,000.

Question

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The Answer of A machine with a cost of $130,000, current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The total amount that should be reported in the operating section of the statement of cash flow as per indirect method is:
A) $17,000.
B) $22,000.
C) $57,000.
D) $4,000.
E) $21,000.

A Machine with a Cost of $130,000, Current Year Depreciation