Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

Equipment with a cost of $150,000 has an accumulated depreciation of $100,000. what is the cost of the equipment??

a. $150,000

B. $50,000

c. $200,000

d. $100,000

Feb 16th, 2015

b, 50000

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Feb 16th, 2015

How sure are you about your answers.  I have recieved several that chose $150,000.

It is critical that I get this right.

Thanks

Feb 16th, 2015

I am sure, 100%.if there is accumulated depreciation over a period of time, then you have to subtract the depreciated value to get the current value

Feb 16th, 2015

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