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Sutherland Company purchased machinery for $1,120,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $70,000 salvage value and a 5-year useful

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Sutherland Company purchased machinery for $1,120,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $70,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2018, at a gain of $20.000. How much cash did Sutherland receive from the sale of the machinery? $161.000 $230,000 $231.000 5301.000

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