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Question 10 On May 1, 2018, Marigold Company sells office furniture for $290400 cash. The office furniture originally cost $755200 when purchased on January 1,

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Question 10 On May 1, 2018, Marigold Company sells office furniture for $290400 cash. The office furniture originally cost $755200 when purchased on January 1, 2011. 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? $55120 $30060 $22380 O $27560 Question Attempts: 0 of 1 used

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