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How much cash did sutherland receive from sale of machinery

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Reference no: EM132758089

Sutherland Company purchased machinery for €320,000 on January 1, 2015. Straight-line depreciation has been recorded based on a €20,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2019 at a gain of €6,000.

Problem 1: How much cash did Sutherland receive from the sale of the machinery?

Option 1: €46,000.
Option 2: €86,000.
Option 3: €66,000.
Option 4: €54,000.

Reference no: EM132758089

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