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Oriole Company purchased machinery for $ 1470000 on January 1, 2017. Straight-line depreciation has been recorded based on a $ 87000 salvage value and a
Oriole Company purchased machinery for $1470000 on January 1, 2017. Straight-line depreciation has been recorded based on a $87000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $28000. How much cash did Oriole receive from the sale of the machinery?
$299400.
$239400.
$386400.
$212400.
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Changing Academics Quality Audit And Its Perceived Impact
Authors: Ming Cheng
1st Edition
3639134273, 978-3639134278
