Mayflower Company Had a Machine with a Cost of $123,000

question 148

Multiple Choice

Mayflower Company had a machine with a cost of $123,000 and accumulated depreciation of $87,000 that was sold at for a gain of $5,000.What amount of cash was received from the sale?

• A)$30,000
• B)$36,000
• C)$41,000
• D)$128,000

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