The Key Company sold a machine.The machine had accumulated depreciation of $50,000 and a salvage value of $6,000.If the machine sold for $16,000 and a gain of $4,000 is recognized,the original cost of the asset is
A) $54,000.
B) $62,000.
C) $66,000.
D) $70,000.
Correct Answer:
Verified
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