What was the original cost of the machine

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Question: Murphy's Auto Co. purchased a large piece of equipment on January 1, 2004. The equipment is being depreciated, using the straight-line method, at the rate of $16,000 per year. On January 5, 2015 the book value of the machine was $190,000.

(a) What was the original cost of the machine?

(b) What will the book value be on December 31, 2016?

Reference no: EM133376472

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