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correct Question 8 0/1 pts Desert Company purchased machinery for $960,356 on January 1, 2017. Straight-line depreciation has been recorded based on a $60,872

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correct Question 8 0/1 pts Desert Company purchased machinery for $960,356 on January 1, 2017. Straight-line depreciation has been recorded based on a $60,872 salvage value and a 5-year useful life. The machinery was sold on March 31, 2021, at a gain of $18,671. How much cash did Desert receive from the sale of the machinery? *round your answer to the nearest $1 177,124

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