Multiple Choice Question 119 Marigold Corp. purchased machinery for $885000 on January 1, 2014. Straight-line depreciation has been recorded based on a $52500 salvage value and a 5-year useful life. The machinery was sold on May 1, 2018 at a gain of $16500. How much cash did Marigold receive from the sale of the machinery? O $180000 O $ 147000o $ 232500 O $ 127500 Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potentia Policy set by your instructor. SAVE FOR LATER SUBMIT ANSWER Question Attempts: O of 1 used