On January 1, 2014, Pistachio purchased an asset that had an estimated residual value of $700 after an economic life of four years. Pistachio used sum-of-the-years'-digits depreciation and recorded $1,560 of depreciation expense in 2016. What was the cost of the asset?

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The Answer of On January 1, 2014, Pistachio purchased an asset that had an estimated residual value of $700 after an economic life of four years. Pistachio used sum-of-the-years'-digits depreciation and recorded $1,560 of depreciation expense in 2016. What was the cost of the asset?

On January 1, 2014, Pistachio Purchased an Asset That Had