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Sunland Company purchased machinery for $915000 on January 1, 2017. Straight-line depreciation has been recorded based on a $ 56000 salvage value and a 5-year
Sunland Company purchased machinery for $915000 on January 1, 2017. Straight-line depreciation has been recorded based on a $ 56000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $ 21500. How much cash did Sunland receive from the sale of the machinery? $ 136033 $ 149033 $ 248033 O $ 192033
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