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