Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

of $100.  What is the historical cost of the equipment?equipment with a cost of $150.00 had an accumulated depreciation of $100.00.  What is the historical cost of the equipment?

a. $150,000

b. $50,000

c. $200,000

d. $100,000

Feb 15th, 2015

a. $150,000

Historical cost is defined as the purchase price with other initial costs related to acquisition of the equipment.

Feb 16th, 2015

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