Business, 17.07.2021 02:30 ROYALDRAGONX

Roger Company sold machinery for a total price of $20,000 to be paid in four equal installments, plus interest. The first payment was made in the current year. The original cost of the machinery was $12,000 and $8,000 of depreciation had been taken on it. Ignoring interest income, what amount of income must Roger Company recognize in the current year under the installment method for this sale

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Roger Company sold machinery for a total price of $20,000 to be paid in four equal installments, plu...

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