What was the original cost of the machine

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Question: End-of-period adjustments-effect on net income:(50 Points)

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 1, 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, 2018?

Reference no: EM133379907

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