Equipment with a cost of $150,000 has an accumulated depreciation of $50,000.What is the historical cost of the equipment?
A)$150,000
B)$50,000
C)$200,000
D)$100,000

Question

Quizplus · Accepted Answer

Historical cost is the original cost of an asset. Accumulated depreciation is the total amount of depreciation that has been taken on an asset. The historical cost of the equipment is $150,000.

Equipment with a Cost of $150,000 Has an Accumulated Depreciation