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Wildhorse Company purchased machinery for $346100 on January 1, 2021. Straight-line depreciation has been recorded based on a $26000 salvage value and a 5-year useful

Wildhorse Company purchased machinery for $346100 on January 1, 2021. Straight-line depreciation has been recorded based on a $26000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2025 at a gain of $7200. How much cash did Wildhorse receive from the sale of the machinery? $75880. $61480. O $97220. $54540.
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Wildhorse Company purchased machinery for $346100 on January 1.2021. Straight-line depreciation has been recorded based on a $26000 salvage value and a 5-year useful life. The machinery was sold on May 1,2025 at a gain of $7200. How much cash did Widhorse receive from the sale of the machinery? $75880. $61480 $97220 $54540

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