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please explain how to solve this in detail. thank you Your answer is correct. Bramble Corp. purchased machinery for $1040000 on January 1, 2017. Straight-line

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please explain how to solve this in detail. thank you
Your answer is correct. Bramble Corp. purchased machinery for $1040000 on January 1, 2017. Straight-line depreciation has been recorded based on a $71000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $30000. How much cash did Bramble receive from the sale of the machinery? $301200 $230200 $159200 $197200

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