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On May 1, 2021, Oriole Company sells office furniture for $302400 cash. The office furniture originally cost $744400 when purchased on January 1,2014. Depreciation is

On May 1, 2021, Oriole Company sells office furniture for $302400 cash. The office furniture originally cost $744400 when purchased on January 1,2014. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $73000. What gain should be recognized on the sale? (Hint: Use 7.333333 for years used in calculation.) $50360.$100720.$52860.$22380

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