question archive Sunland Company purchased machinery for $915000 on January 1, 2017
Sunland Company purchased machinery for $915000 on January 1, 2017
Subject:AccountingPrice:2.87 Bought7
Sunland Company purchased machinery for $915000 on January 1, 2017. Straight-line depreciation has been recorded based on a $56000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $21500. How much cash did Sunland receive from the sale of the machinery?
$248033
$192033
$149033
$136033
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2.87 USD
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