Lewis Imports sold a depreciable plant asset for cash of $135,000.The accumulated depreciation amounted to $170,000,and a loss of $15,000 was recognized on the sale.Under these circumstances,the original cost of the asset must have been:
A) $120,000.
B) $155,000.
C) $185,000.
D) $320,000.
Correct Answer:
Verified
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