On May 1, 2021, Bramble Company sells office furniture for $313200 cash. The office furniture originally cost $730000 when purchased on January 1, 2014. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $83800. What gain should be recognized on the sale? O $59580. O $57080. O $114160. O $21540.

On May 1.2021. Bramble Company selis office furniture for $313200 cash. The office fumiture originally cost $730000 when purchased on January 1, 2014. Depreciation is recorded ty the straight-line method over 10 years with a salvage value of sa3a00. What gain should be recognized on the saie? $59580 \$570: $114160 $21540