Marigold Corp. purchased machinery for $905000 on January 1, 2017. Straight-line depreciation has been recorded based...

Marigold Corp. 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 Marigold receive from the sale of the machinery?

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ekkarill92 answered 1 year ago

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