Question 18 of 31 View Policies Current Attempt in Progress < -/3 On May 1, 2021, Coronado Company sells office furniture for $295200 cash. The office furniture originally cost $740800 when purchased on January 1, 2014. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $74200. What gain should be recognized on the sale? (Hint: Use 7.333333 for years used in calculation.) $86480. $45740. $22220. $43240. Save for Later Attempts: 0 of 1 used Submit Answer