Introduction to Accounting

User Generated

ynhevrzra

Business Finance

Description

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

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

a. $150,000

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


Anonymous
Awesome! Made my life easier.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags