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What was the original cost of the asset

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Question - An asset being depreciated with the straight-line method has a residual value of $10,000 and accumulated depreciation of $30,000 in its second year. What was the original cost of the asset if its useful life was 5 years?

a. $160,000

b. $140,000

c. $85,000

d. $75,000

Reference no: EM132762283

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