Business, 28.11.2020 03:20 firenation18

Waterway Industries purchased machinery for $905000 on January 1, 2017. Straight-line depreciation has been recorded based on a $52000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $13000. How much cash did Waterway receive from the sale of the machinery?

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Waterway Industries purchased machinery for $905000 on January 1, 2017. Straight-line depreciation h...

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