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Business, 19.11.2019 21:31 divine134

Sutherland company purchased machinery for $960,000 on january 1, 2011. straightline depreciation has been recorded based on a $60,000 salvage value and a 5-year useful life. the machinery was sold on may 1, 2015 at a gain of $18,000. how much cash did sutherland receive from the sale of the machinery? a. $138,000. b. $162,000. c. $198,000. d. $258,000

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