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20 . Sutherland Company pur chased machinery for $640 000 on January 1 2009 . Straight - line depreciation has been recorded based on a

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20 . Sutherland Company pur chased machinery for $640 000 on January 1 2009 . Straight - line depreciation has been recorded based on a $40 000 salvage value and a 5 - year useful life . The machinery was sold on May 1 , 2013 at a gain of $12 000 . How much cash did Sutherland receive from the sale of the machinery ? 2 . $92 000 b . $108 000 C . $132 000 d. $172000

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