Waterway Industries purchased machinery for $910000 on January 1, 2017. Straight-line depreciation has been recorded...
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Waterway Industries purchased machinery for $910000 on January 1, 2017. Straight-line depreciation has been recorded based on a $60000 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 Waterway receive from the sale of the machinery?
$194833
$134833
$254833
$151833
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