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How much cash did Vaughn receive

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Question - Vaughn Manufacturing purchased machinery for $910000 on January 1, 2017. Straight-line depreciation has been recorded based on a $59500 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 Vaughn receive from the sale of the machinery?

a. $126400

b. $185900

c. $245400

d. $159900

Reference no: EM132737737

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