Assume BizChair

question 106

Multiple Choice

Assume BizChair.com sold a used conveyor belt for $172,000 cash.If accumulated depreciation on the sale date was $58,311 and a gain of $6,721 was recognized on the sale,what was the original cost of the asset?

• A)$223,590
• B)$216,869
• C)$165,279
• D)$65,032
• E)$113,689

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