Malea Sold a Machine for $140,000

Multiple Choice

Malea sold a machine for $140,000.The machine originally cost $90,000 and $10,000 of MACRS depreciation had been allowable.The buyer assumed an existing loan of $40,000,paid $20,000 cash down and agreed to pay $10,000 per year for eight years plus interest.Selling expenses are $10,000.The contract price is

A) $40,000.
B) $80,000.
C) $100,000.
D) $130,000.