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Sheridan Company purchased machinery for $850000 on January 1, 2017. Straight-line depreciation has been recorded based on a $52000 salvage value and a 5 -year

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Sheridan Company purchased machinery for $850000 on January 1, 2017. Straight-line depreciation has been recorded based on a $52000 salvage value and a 5 -year useful life. The machinery was sold on May 1,2021 at a gain of $19000. How much cash did Sheridan receive from the sale of the machinery? 5125400 $177400 $139400 $229400

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