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How much cash did Swifty receive from the sale

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Question - Swifty Corporation purchased machinery for $1130000 on January 1, 2017. Straight-line depreciation has been recorded based on a $77000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $20000. How much cash did Swifty receive from the sale of the machinery?

$237400.

$201400.

$314400.

$160400.

Reference no: EM132635180

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