A used machine with a purchase price of $30,896.00, requiring an overhaul costing $8,715.00, installation costs of $6,837.00, and special acquisition fees of $18,793.00, would have a cost. basis of Select the correct answer $99,586.00 $65,241.00 $39,611.00 $30,896.00 On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $266,797.00 with an accumulated depreciation of $240,117.30. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $24,011.73. What is the amount of the gain or loss on this transaction? Select the correct answer. Gain of $26,679.70 Gain of $2,667.97 Loss of $26,679.70 Loss of $2,667.97 After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $764,406 and Allowance for Doubtful Accounts has a balance of $21,703. What is the net realizable value of the accounts receivable? Select the correct answer. $786,109 $742,703 $764,406 $21,703