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QUESTION
A machine with a cost of $100,000 and accumulated depreciation of $98,000 is sold for $70,000 cash.
1.
A machine with a cost of $100,000 and accumulated depreciation of $98,000 is sold for $70,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is _____.
$2,000
$68,000
$98,000
$100,000
$70,000
