On April 30, 2019, TWC & Brothers sold some used equipment for $84,000. The accumulated depreciation on the equipment when sold was $96,000. TWC & Brothers properly recorded a $33,000 gain on the sale.
The original cost of the equipment when it was purchased several years ago by TWC & Brothers must have been:
A) $ 42,000
B) $ 75,000
C) $117,000
D) $147,000
Correct Answer:
Verified
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