Sutherland Company purchased machinery for $960,000 on January 1, 2011. Straightline depreciation has been recorded based on a $60,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2015 at a gain of $18,000. How much cash did Sutherland receive from the sale of the machinery? a. $138,000. b. $162,000. c. $198,000. d. $258,000
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