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Swifty Corporation purchased machinery for $1280000 on January 1, 2017. Straight-line depreciation has been recorded based on a $74000 salvage value and a 5-year useful
Swifty Corporation purchased machinery for $1280000 on January 1, 2017. Straight-line depreciation has been recorded based on a $74000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $27500. How much cash did Swifty receive from the sale of the machinery? $336300. $208300. $188300. $262300
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Cima Official Exam Practice Kit Fundamentals Of Management Accounting Cima Certificate In Business Accounting
Authors: Walter Allan
3rd Edition
1856177785, 978-1856177788
