Straight-line depreciation

Posted on by Leakey

 

Concord Company constructed a building for $9810000 on January 1. 2016. Straight-line depreciation has been recorded based on a 30-year useful life and a zero salvage value. The building was sold on July 1. 2026 at a loss of $254000. What amount of cash did Concord receive from the sale of the machinery?

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