Machinery with an original cost of $80,000 and accumulated depreciation of $35,000 was sold at a loss of $12,000. As a result of this transaction, cash would: A) increase by $33,000 B) decrease by $12,000 C) increase by $45,000 D) decrease by $45,000

Machinery with an original cost of $80,000 and accumulated depreciation of $35,000 was sold at a loss of $12,000. As a result of this transaction, cash would: A) increase by $33,000 B) decrease by $12,000 C) increase by $45,000 D) decrease by $45,000

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter8: Investing Activities

Section: Chapter Questions

Problem 1.3AIC: Estimate the average total estimated useful life of depreciable property, plant, and equipment....

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I don't need ai answer general accounting question

Machinery with an original cost of $80,000 and accumulated depreciation
of $35,000 was sold at a loss of $12,000. As a result of this transaction,
cash would:
A) increase by $33,000
B) decrease by $12,000
C) increase by $45,000
D) decrease by $45,000

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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