Rite Company Purchased a Machine on January 1, 2018 for $72,000

Multiple Choice

Rite Company purchased a machine on January 1, 2018 for $72,000. The company estimates that the machine will have a $6,000 salvage value at the end of its 10 year useful life. On September 30, 2022 the machine was sold for a gain of $5,250.
What must have been the selling price of the machine?

A) $43,050
B) $35,400
C) $45,900
D) $52,500