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How much cash concord receive from sale of the machinery

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Question - Concord Corporation purchased machinery for $888000 on January 1, 2014. Straight-line depreciation has been recorded based on a $52800 salvage value and a 5-year useful life. The machinery was sold on May 1, 2018 at a gain of $16800. How much cash did Concord receive from the sale of the machinery?

A. $147,360

B. $128,160

C. $180,960

D. $233,760

Reference no: EM132350552

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