What was the original cost of the asset

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Reference no: EM13794814

A company sold equipment for $48,000. Total accumulated depreciation at the time of the sale was $19,000 and a loss of $9,000 was recognized on the sale. What was the original cost of the asset?

$76,000

$67,000

$57,000

$39,000

$29,000

Reference no: EM13794814

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