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
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Explanation & Answer
a. $150,000
Historical cost is defined as the purchase price with other initial costs related to acquisition of the equipment.
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