On January 3, 2010, Pankor Co.purchased machinery.The machinery has an estimated useful life of nine years and an estimated residual value of $45,000.The depreciation applicable to this machinery was $77,000 for 2012, calculated by the straight-line method.The acquisition cost of the machinery was
A) $693,000.
B) $685,000.
C) $738,000.
D) $710,000.
Correct Answer:
Verified
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