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How much did the asset cost

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Problem 1: If a business had depreciation expense of $4,000 for the last half of the year when it acquired a non-current asset. If the asset had no scrap value and a useful life of 7 years, how much did the asset cost?

Select one:

a. $80,000
b. $70,000
c. $63,000
d. $60,000
e. $56,000

Reference no: EM132671961

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